MUMBAI: In the wake of deteriorating
asset quality in the banking system, which is hovering at record highs, the
Reserve Bank today asked banks to strengthen their due diligence and improve
the loan recovery process.
Read more at:Click Here...
"Banks need to not only follow
the various measures put in place by the RBI and the government effectively for
resolution and recovery of bad loans but also to strengthen their due
diligence, credit appraisal and post sanction loan monitoring systems to
minimise and mitigate the problems of increasing non-performing assets
(NPAs)," the RBI said in its 'Trends and progress of banking report 2012-13.'
Gross NPAs as per cent of gross advances for scheduled commercial banks stood at 3.6 ..
Gross NPAs as per cent of gross advances for scheduled commercial banks stood at 3.6 ..
Read more at:Click Here...
"Banks
need to not only follow the various measures put in place by the RBI
and the government effectively for resolution and recovery of bad loans
but also to strengthen their due diligence, credit appraisal and post
sanction loan monitoring systems to minimise and mitigate the problems
of increasing non-performing assets (NPAs)," the RBI said in its 'Trends
and progress of banking report 2012-13.'
Gross NPAs as per cent of gross advances for scheduled commercial banks stood at 3.6 ..
Gross NPAs as per cent of gross advances for scheduled commercial banks stood at 3.6 ..
MUMBAI:
In the wake of deteriorating asset quality in the banking system, which
is hovering at record highs, the Reserve Bank today asked banks to
strengthen their due diligence and improve the loan recovery process.
"Banks need to not only follow the various measures put in place by the RBI and the government effectively for resolution and recovery of bad loans but also to strengthen their due diligence, credit appraisal and post sanction loan monitoring systems to minimise and mitig ..
"Banks need to not only follow the various measures put in place by the RBI and the government effectively for resolution and recovery of bad loans but also to strengthen their due diligence, credit appraisal and post sanction loan monitoring systems to minimise and mitig ..
No comments:
Post a Comment