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TMI BlogStatus of NPAs in Different BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Status of NPAs in Different Banks X X X X Extracts X X X X X X X X Extracts X X X X ..... alised Banks 2.67% 3.50% State Bank Group 4.36% 5.16% Total (Public Sector Banks) 3.17% 4.01% Scheduled Commercial Banks 2.94% 3.57% *provisional To improve the health of financial sector, to reduce the NPAs, to improve asset quality of banks and to prevent slippages, Reserve Bank of India (RBI) has issued instructions that each bank is required to have a loan recovery policy which se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts down the manner of recovery of dues, targeted level of reduction (period-wise), norms for permitted sacrifice/waiver, factors to be taken into account before considering waivers, decision levels, reporting to higher authorities and monitoring of write-off/waiver cases. Banks are required to monitor their NPAs and take steps to bring them down through upgradation/ recovery/prudential write off. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reserve Bank of India also monitors the NPA levels in banks. This 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 Government has advised Public Sector Banks (PSBs) to take a number of new initiatives to increase the pace of recovery and manage NPAs, which includ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e appointment of Nodal officers for recovery, to conduct special drives for recovery of loss assets, to put in place early warning system, to replace system of postdated cheques with Electronic Clearance System (ECS), e-auctions, sharing of credit information through CIBIL, assigning of loss assets on incentive basis to Asset Reconstruction Companies and giving weightage to recovery of NPAs in Sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tement of Intent on annual goals of PSBs. The details of Bank Group-wise reduction in NPAs by Scheduled Commercial Banks (SCBs) are as under: (Amount in Rs. Crore) Banks 2010-11 2011-12 Nationalised Banks 27637.84 33699.12 State Bank Group 15359.00 16300.15 Total (PSBs) 42996.84 49999.27 Total (SCBs) 56332.30 62602.57 This was stated by the Minister of State for Finance, Shri Nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o Narain Meena in a written reply to a question in the Rajya Sabha today.
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