"Accordingly, it has been decided to use the information supplied by the banks through the Return on Large Borrowers (Form A)...which captures system-wide exposure of individuals and entities having exposure (both fund and non-fund based) of more than Rs 10 crore, for creation of central repository of large credits across banks," it said.
Raghuram Rajan on his taking over charge as RBI Governor had said that the central bank proposes to collect credit data and examine large common exposures across banks. "This will enable the creation of a central repository on large credits, which we will share with the banks. This will enable banks themselves to be aware of building leverage and common exposures," he had said.
RBI collects the data from banks and non-submission of or wrong reporting attracts penalties."Banks are advised to take utmost care about the data accuracy and integrity, while submitting the data on large credit to the RBI, failing which penal action...would be undertaken," the apex bank said.
Gross non-performing assets (NPA) of public sector banks rose to Rs 1.76 lakh crore at the end of June quarter from Rs 1.55 lakh crore at March 31, 2013. The ratio of gross NPA to gross advances for commercial banks rose from 2.36 per cent in March 2011 to 3.92 per cent in June 2013.