NPA of Nationalized Banks.

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..... NPA of Nationalized Banks. - News and Press Release Dated:- 6-9-2012 - News - Press Information Bureau Government of India Ministry of Finance 06-September-2012 17:29 IST NPA of Nationalized Banks The Gross Non-Performing Assets (GNPAs) of Nationalized Banks as on June 2012 were Rs.73,038 crore which amount to 2.94% of Gross Advances. Data Reporting System of Reserve Bank of .....

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..... India (RBI) does not generate State wise details. Banks are required to monitor their NPAs and take steps to bring them down through recovery/other channels. RBI also monitors the NPA levels in banks. The aspect is reviewed during Annual Financial Inspections of banks and monitored on an ongoing basis through regulatory returns submitted by banks and periodical meetings with banks. The chann .....

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..... els of recovery available to banks include recourse to Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Debt Recovery Tribunals, Lok Adalats etc. The Government has advised Public Sector Banks to take a number of new initiatives to increase the pace of recovery and manage NPAs, which include appointment of Nodal officers for recovery, to condu .....

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..... ct special drives for recovery of loss assets, to put in place early warning system, to replace system of post dated cheques with Electronic Clearance System (ECS) and to proactively pursue the loan issues with State Governments. The Bank wise details of GNPAs and ratio of GNPAs to Gross Advances of Nationalized Banks for the last two years are as under: Click here to see Annexure This info .....

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..... rmation was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today. ***** DSM/RS/Hb - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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