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RBI: FY 2011-2012 registered highest NPA levels in past 5 years

RBI: FY 2011-2012 registered highest NPA levels in past 5 years
 
Banking sector woes on rising non performing asset (NPA) are still not over. In a recent report published by Reserve Bank of India (RBI) indicates that the NPA levels in the FY 2011-2012 are the highest for past 5 years.
 
The asset quality in the system has deteriorated as well as net non performing ratios have also gone up, except in the new private sector banks' and 'foreign banks' groups. For all scheduled banks, the Net NPA ratio has gone up from 1% to 1.28%.
 
State Bank of India reported net NPA ratio of 1.82% in 2011-12 compared to 1.63% reported a year back. SBI advances are about 17% of the total banking system. 
The data reveals that almost all the public sector banks have witnessed rise in NPA levels. Punjab National Bank has Net NPA ratio of 1.52% as compared to 2007-2008 of 0.64%, Oriental Bank of Commerce has Net NPA ratio standing at 2.21% as compared to 2007-2008 of 0.99%, Canara Bank registered Net NPA ratio of 1.46% while the Net NPA ratio in FY 2007-2008 stood at 0.84% only.
 
RBI published a profile of Indian banks for 2011-12. RBI in its report said that profitability in terms of return on assets (RoA) declined in 2011-12 compared to previous financial years while cost of funds (CoF) increased for the banks.  

 

Hysteria on NPAs unwarranted: Aditya Puri

'Our banking system has bypassed the financial tsunami'
 
The hysteria surrounding bad debts of banks is unwanted as the country's banking system is robust profitable enoug...

Kotak: Indian Bank’s second quarter grows by 14.5% despite rising NPAs

Despite mounting bad assets and a still taller debt recasts, banks are seen reporting 14.5 per cent growth in their second quarter earnings, against 10.3 per cent growth ...

Strong political stance required for SEB reforms: Fitch

Global rating agency Fitch today said that strong political will is necessary to achieve meaningful reforms in the power sector, even as the government has approved a deb...

Sterling group’s Rs. 6000 cr loan may turn bad

Sterling group’s Rs. 6000 cr loan may turn bad
Indian banks are running the risk of close to Rs.6,000 crore in loans advanced to several companies of Mumbai-based Sandesara Group turning bad, said bankers familiar wit...

Can't use Kingfisher brand as collateral, RBI tells banks

This is because the loan has turned non-performing for most of the banks
 
The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines’ brand as collat...

Deccan Chronicle’s CDR plan kept on hold

Lenders with exposure to financially crumbled Deccan Chronicle Holdings Ltd (DCHL) postponed their decision on admitting the company’s proposal to recast its loans under ...

Discoms receive 1.9 lakh crore bailout from the government

The government on Monday cleared Rs 1.9-lakh crore debt restructuring for financially strapped power distribution companies. This has been second such move in less than a...

Prasar Bharati looking for 11,500 cr loan recast

New Delhi: Financially strapped Prasar Bharati received relief from the cabit when it approved the loan wavier of Rs. 1,300 crore. However, the impact of the financial re...
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