One year of RBI's 12 February circular: A look at charts that depict bad loan scenario after central bank's crackdown on NPA menace
6 years, 1 month ago

One year of RBI's 12 February circular: A look at charts that depict bad loan scenario after central bank's crackdown on NPA menace

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In a bid to hasten the resolution of bad loans, RBI tightened rules to make banks identify and tackle any non-payment of loans rapidly by issuing a circular on 12 February 2018 Exactly a year ago, in a bid to hasten the resolution of bad loans, the Reserve Bank of India had tightened rules to make banks identify and tackle any non-payment of loan rapidly by issuing a circular on 12 February 2018. Under the new rules, insolvency proceedings would have to be initiated in case of a loan of Rs 2,000 crore or more if a resolution plan is not implemented within 180 days of the default. In the immediate quarter ending March 2018, after the RBI circular was issued, the total bad loans of the banking sector rose by a massive Rs 1.39 lakh crore to Rs 10.25 lakh crore in March 2018 quarter. Thereby in the nine-months ending December 2018, the gross NPAs of the banking sector fell by Rs 59,000 crore in total and during the same period net NPAs of these banks declined by a whopping Rs 99,151 crore due to higher provisioning for bad loans.

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