Page 9 - Digi Note : 23rd-28th November (General Awareness)
P. 9
Rating agency ICRA said on Monday it had lowered its projection of
gross non- performing assets ( NPAs) for 2015- 16 in the banking
system to 5- 5.5 per cent from the earlier 5.3- 5.9 per cent of the total.
It said banks could be hiding the stress on their balance sheet by
restructuring long term loans as allowed by the Reserve Bank of India.
The scheme in question, popularly known as ‘ 5/ 25’, allows banks to
spread a project’s repayment obligation to a longer period, matching
the cash flow of the project, resetting the refinancing scheme every
five or seven years.
ICRA estimates roughly ₹ 35,000 crore of loans have been
restructured under the scheme. Many such projects would have
otherwise shown up as NPAs.
ICRA – ICRA Limited (formerly Investment Information and Credit
Rating Agency of India Limited) was set up in 1991 by leading
financial/investment institutions, commercial banks and financial
services companies as an independent and professional investment
Information and Credit Rating Agency.
Sebi, Bangla regulator sign pact over co-operation
(Business Standard)
The Securities and Exchange Board of India signed a memorandum of
understanding with the Bangladesh Securities and Exchange
Commission (BSEC) on co-operation and technical assistance.
SEBI has so far signed MoUs with 21 nations The MoU is aimed at
economic links.
gross non- performing assets ( NPAs) for 2015- 16 in the banking
system to 5- 5.5 per cent from the earlier 5.3- 5.9 per cent of the total.
It said banks could be hiding the stress on their balance sheet by
restructuring long term loans as allowed by the Reserve Bank of India.
The scheme in question, popularly known as ‘ 5/ 25’, allows banks to
spread a project’s repayment obligation to a longer period, matching
the cash flow of the project, resetting the refinancing scheme every
five or seven years.
ICRA estimates roughly ₹ 35,000 crore of loans have been
restructured under the scheme. Many such projects would have
otherwise shown up as NPAs.
ICRA – ICRA Limited (formerly Investment Information and Credit
Rating Agency of India Limited) was set up in 1991 by leading
financial/investment institutions, commercial banks and financial
services companies as an independent and professional investment
Information and Credit Rating Agency.
Sebi, Bangla regulator sign pact over co-operation
(Business Standard)
The Securities and Exchange Board of India signed a memorandum of
understanding with the Bangladesh Securities and Exchange
Commission (BSEC) on co-operation and technical assistance.
SEBI has so far signed MoUs with 21 nations The MoU is aimed at
economic links.
