Needed, A Clean-Up Drive For Bank NPAs

As Prime Minister Narendra Modi’s Government sets the financial agenda for the coming term, one area for action might be the balance sheets of public sector banks.   Gross non-performing assets (GNPAs) of 10 leading public sector banks added up to Rs 1.51 lakh crore at the end of March 2014.   This is 32% … Continued

Big Borrowers, Big Headache

Banking regulator Reserve Bank of India (RBI) is worried about the increase in bad loans in the sector. RBI came out with new guidelines to deal with non-performing accounts (NPAs), which would mean more pain for promoters of defaulting companies. RBI has reason to worry – almost 5% of the outstanding loans of the Indian … Continued