No NPA bubble in regional rural banks, says Nabard chief

No NPA bubble in regional rural banks, says Nabard chief
Nabard chief has said that the regional rural banks (RRBs) will be able to maintain their gross non-performing assets this fiscal at the last year level of 6 per cent and will improve it to 5 per cent by the end of June, reported PTI.

"We think all the 57 RRBs as a whole will have gross NPAs of 6 per cent, the same as that on March 2013. We have also set them targets to improve it to 5 per cent in the next three-four months," Nabard Chairman H K Bhanwala told reporters after a meeting on RRBs.

The gross NPA ratio of RRBs rose to 6.08 per cent as of March 2013 as against 5.03 per cent in the year-ago period and 3.75 per cent in FY2010-11.

According to the media report, a senior Nabard official said all RRBs have been individually asked to formulate guidelines and get those approved by the boards in order to bring down the gross NPAs under the 5 per cent mark.

Dion Global Solutions Ltd.

Read more about: npa, bad debt, nabard, rrb, gross npa
Story first published: Wednesday, February 26, 2014, 9:10 [IST]
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