TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    From Port of Spain to Patna: Modi’s Cultural Diplomacy Sets Political Tone Ahead of Bihar Elections

    From Port of Spain to Patna: Modi’s Cultural Diplomacy Sets Political Tone Ahead of Bihar Elections

    Tejashwi Uses AI-Generated Ambedkar Video to Offset Lalu's ‘Insult

    Tejashwi Uses AI-Generated Ambedkar Video to Offset Lalu’s ‘Insult’: Can Digital Reverence Replace Real Accountability?

    Tech Users Are Falling in Love with Their Chatbots and It’s Getting Serious

    Tech Users Are Falling in Love with Their Chatbots and It’s Getting Serious

    Mass Deportation from Gujarat: 250 Bangladeshi Nationals Sent Back

    India’s Crackdown Intensifies: 250 Illegal Bangladeshis Deported From Gujarat

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Why GST Search Is Essential For Compliance In Modern Enterprises

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Why Every Modern Retail Shop Needs Reliable Billing Software Today

    Why Every Modern Retail Shop Needs Reliable Billing Software Today

    A Guide to Removing False or Negative Content About Your Business Online

    A Guide to Removing False or Negative Content About Your Business Online

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    military reveals china-pakistan-turkey nexus during operation sindoor

    One Border, Three Adversaries: Indian Army Blasts China-Pakistan-Turkey Axis in Operation Sindoor

    INS Tamal marks the end of import of Indian Warships

    INS Tamal Marks End of Warship Imports as India Sets Sail on Atmanirbhar Bharat Path

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    Images Reveal Devastating Damage to Terror Camps in PoK

    Satellite Images Reveal Devastating Damage to Terror Camps in PoK After Operation Sindoor

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    when gandhi's statue was removed in ghana

    When Mahatma Gandhi’s Statue Was Removed in Ghana for Being ‘Racist’

    Empower the Global South: PM Modi

    Time to Reshape Global Governance, Empower the Global South: PM Modi

    India Counters China on Dalai Lama Issue, Ministers to Attend Birthday Event

    India Counters China on Dalai Lama Issue, Ministers to Attend Birthday Event

    Three Indians Abducted in Mali During Al-Qaeda-Linked Attack; India Demands Safe Release

    Three Indians Abducted in Mali During Al-Qaeda-Linked Attack; India Demands Safe Release

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan on July 6

    amarnath yatra 2025

    Amarnath Yatra Begins: First Group of Pilgrims Flagged Off Amid Tight Security

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's Tour of Bangladesh Likely Postponed Amid Political Unrest

    India’s Tour of Bangladesh Likely Postponed Amid Political Unrest

    What Is The Best Way To Bet On Tennis?

    What Is The Best Way To Bet On Tennis?

    Pakistan Hockey Team Set to Visit India for Asia Cup 2025: First Time Since Operation Sindoor

    First Time Since Operation Sindoor ; Pakistan Hockey Team Set to Visit India for Asia Cup 2025

    Health Experts Reaffirm Covid Vaccine Safety

    Health Experts Reaffirm Covid Vaccine Safety Amid Concerns Over Sudden Cardiac Deaths

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    From Port of Spain to Patna: Modi’s Cultural Diplomacy Sets Political Tone Ahead of Bihar Elections

    From Port of Spain to Patna: Modi’s Cultural Diplomacy Sets Political Tone Ahead of Bihar Elections

    Tejashwi Uses AI-Generated Ambedkar Video to Offset Lalu's ‘Insult

    Tejashwi Uses AI-Generated Ambedkar Video to Offset Lalu’s ‘Insult’: Can Digital Reverence Replace Real Accountability?

    Tech Users Are Falling in Love with Their Chatbots and It’s Getting Serious

    Tech Users Are Falling in Love with Their Chatbots and It’s Getting Serious

    Mass Deportation from Gujarat: 250 Bangladeshi Nationals Sent Back

    India’s Crackdown Intensifies: 250 Illegal Bangladeshis Deported From Gujarat

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Why GST Search Is Essential For Compliance In Modern Enterprises

    Why GST Search Is Essential For Compliance In Modern Enterprises

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

    Why Every Modern Retail Shop Needs Reliable Billing Software Today

    Why Every Modern Retail Shop Needs Reliable Billing Software Today

    A Guide to Removing False or Negative Content About Your Business Online

    A Guide to Removing False or Negative Content About Your Business Online

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    military reveals china-pakistan-turkey nexus during operation sindoor

    One Border, Three Adversaries: Indian Army Blasts China-Pakistan-Turkey Axis in Operation Sindoor

    INS Tamal marks the end of import of Indian Warships

    INS Tamal Marks End of Warship Imports as India Sets Sail on Atmanirbhar Bharat Path

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    UK’s 5th-Gen F-35B Jet Grounded in Kerala Set to Be Airlifted After Weeks of Uncertainty

    Images Reveal Devastating Damage to Terror Camps in PoK

    Satellite Images Reveal Devastating Damage to Terror Camps in PoK After Operation Sindoor

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    when gandhi's statue was removed in ghana

    When Mahatma Gandhi’s Statue Was Removed in Ghana for Being ‘Racist’

    Empower the Global South: PM Modi

    Time to Reshape Global Governance, Empower the Global South: PM Modi

    India Counters China on Dalai Lama Issue, Ministers to Attend Birthday Event

    India Counters China on Dalai Lama Issue, Ministers to Attend Birthday Event

    Three Indians Abducted in Mali During Al-Qaeda-Linked Attack; India Demands Safe Release

    Three Indians Abducted in Mali During Al-Qaeda-Linked Attack; India Demands Safe Release

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan

    Sanatan Mahakumbh Event Scheduled at Patna’s Gandhi Maidan on July 6

    amarnath yatra 2025

    Amarnath Yatra Begins: First Group of Pilgrims Flagged Off Amid Tight Security

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India's Tour of Bangladesh Likely Postponed Amid Political Unrest

    India’s Tour of Bangladesh Likely Postponed Amid Political Unrest

    What Is The Best Way To Bet On Tennis?

    What Is The Best Way To Bet On Tennis?

    Pakistan Hockey Team Set to Visit India for Asia Cup 2025: First Time Since Operation Sindoor

    First Time Since Operation Sindoor ; Pakistan Hockey Team Set to Visit India for Asia Cup 2025

    Health Experts Reaffirm Covid Vaccine Safety

    Health Experts Reaffirm Covid Vaccine Safety Amid Concerns Over Sudden Cardiac Deaths

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

SBI expects to recover 50% assets from RBI’s first NPA list

Amit Agrahari by Amit Agrahari
25 July 2018
in Economy
sbi, ibc

PC: india.com

Share on FacebookShare on X

The State bank of India (SBI) expects to recover 50 percent of loans from the initial 12 NPA cases identified by RBI for resolutions under Insolvency and Bankruptcy Code (IBC). The recoveries will be around 50% and most banks are holding provisions in excess of 50%. “It may differ from bank to bank, but at SBI, our estimate is that we will be able to write back part of the provisions if everything goes well”, said SBI chairman Rajnish Kumar.

Barring one, all the accounts are in various stages of resolution at different benches of the National Company Law Tribunal (NCLT). The percentage of recovery will be different for other banks, some of them are expected to get better percentage of NPAs back and some will be less fortunate. Under the IBC law, National Company Law Tribunal (NCLT) has approved Tata Steel’s bid to acquire the bankrupt Bhushan steel. This is the second biggest dissolution of stressed assets by NCLT under the newly adopted IBC Code. Anil Agrawal led Vedanta Resources was the first successful bidder under this new law when it took over the ownership of bankrupt Electrosteel Steels for an aggregate amount of Rs 1,805 crore (USD 275.7 million) and additional funds of Rs 3,515 crore (USD 536.9 million) by way of debt. Bhushan Steel and Electrosteel were both among the first twelve companies which were referred by RBI to National Company Law Tribunal for proceedings under Insolvency and Bankruptcy Code, the other being Essar Steel, Alok Industries, Amtek Auto etc.

RelatedPosts

Delhi’s BJP Govt Drives Ease of Doing Business Reforms Within Weeks of Replacing AAP

Crisil Forecasts Another Rate Cut in FY26, Pegs India’s GDP Growth at 6.5%

RBI Slashes Repo Rate by 50 Basis Points to Boost Growth; Middle Class May Receive Loan Relief

Load More

The second list by RBI identified 28 cases which will go for resolution proceeding to National Company Law Tribunals. The state-owned bank will be able to write back some provisions as it has already set aside money to cover 76 percent of these NPAs. This will, in turn, add to its profit. Earlier the bankers used say that the ‘worst is over’ without any comprehensive analysis and identification of bad loans. Rajnish Kumar took a more cautious line and said “the bad loan recognition process is over. Kumar further said, ‘NPAs peaked in March 2018 and every year the banking system will add fresh NPAs, but they will be ‘within the tolerance level’. The current credit cost will also be within the tolerance level and will progressively reduce”.

The investment demand is expected to pick up and therefore the 10% credit growth for FY19. On the reasons behind the huge pile up of bad loans Kumar said, “for regulated sectors, I would say external factors are 70% responsible for the bad loans and internal factors (banks’ inability to appreciate risks) 30%. For other sectors, it would be 50:50.” As most of the analysts, economists, and institutions have done earlier, Kumar also hailed IBC as one of the most significant reforms that have been carried out by the government. The Economic Survey 2018 said the new Insolvency and Bankruptcy code (IBC) was helping improve the health of the banking sector.

The NPA cases are expected to be resolved very soon under the IBC law which will improve the health of the banking sector so taxpayer’s money can be saved and set aside for developmental purposes. The gross NPAs of all the banks in the country amounted to Rs. 8, 40, 958 crores in December, led by industry loans and followed by services and agriculture sectors. Earlier, exit from the business was one of the most tedious things to do, thanks to socialist business laws which were the hallmark of the previous governments. These laws helped in creating large non performing assets or NPAs, which became a huge problem the Indian government was facing and Reserve Bank of India in the previous decades. Now, because of the IBC law India has reached 100th rank in 2018 from 130th in 2017 in Ease of Doing Business Index. 

Tags: banksEase of Doing Business.ibcRBISBI
Share754TweetSend
Previous Post

The Mulk trend – How Bollywood ‘stars’ become social justice warriors just before a movie release

Next Post

Is the e-Pragati scheme of Andhra Pradesh govt. a ploy to create a surveillance state?

Related Posts

Why GST Search Is Essential For Compliance In Modern Enterprises
Business

Why GST Search Is Essential For Compliance In Modern Enterprises

3 July 2025

A business environment demands transparency and accuracy, and staying compliant with tax regulations is more than just ticking a...

Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts
Business

Improving Communication and Collaboration in Distributed Teams: Strategies for Indian Business Analysts

2 July 2025

In the 21st-century, digital-first work environment with which we’re presented, distributed teams aren't the future—they’re the now. Indian business...

Why Every Modern Retail Shop Needs Reliable Billing Software Today
Business

Why Every Modern Retail Shop Needs Reliable Billing Software Today

1 July 2025

Today’s retail world is changing fast. Shop owners need more than good products and friendly staff. To grow and...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Rage on stage: why a police officer resigned quit after CM's outburst

Rage on stage: why a police officer resigned quit after CM's outburst

00:03:40

Right to religion vs duty to identify: where should India draw the line?

00:04:34

Junior Kharge Calls to Ban RSS Amid Karnataka Congress Civil War!

00:10:02

Kerala Muslim Groups oppose Zumba classes for School Children

00:07:21

Crash or sabotage? Aviation expert on ahmedabad plane crash probe.

00:13:37
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited