No NPA bubble in regional rural banks, says Nabard chief

Posted By: Religare
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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
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