:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

GOVT MONITORING EFFORTS TO RECOVER NPAS OF BANKS


With bad loans of banks touching Rs 1.27 lakh crore during April-December 2011, the Government today said that it is monitoring the efforts for the recovery of non-performing assets (NPAs) by lenders.

“(We are) aggressively looking at efforts to recover NPAs,” the Financial Services Secretary, Mr D.K. Mittal, told reporters here.

High interest rates and lower economic growth has impacted the repayment capacities of borrowers, pushing up the NPAs of banks to Rs 1.27 lakh crore in the first nine months of 2011-12 fiscal.

Banks’ bad loans stood at Rs 94,084 crore in 2010-11, Rs 81,813 crore in 2009-10 and Rs 68,220 crore in 2008-09.

Mr Mittal further said that “some more capital” would be infused in the country’s largest public sector lender State Bank of India in the current fiscal.

Also, the Government “will ensure 11 per cent Tier I capital (equity) for SBI in the next two years’’, he added.

Currently, the Tier-I capital of SBI is around 9 per cent.

On March 30, the SBI executive committee had approved issuance of 3.65 crore equity shares at Rs 2,191.69 a piece through preferential allotment to the Government to raise about Rs 7,900 crore.

The Government has recapitalised public sector banks over a period to enable them to maintain Tier I CRAR (capital to risk assets ratio) at 8 per cent, and also to increase its holding in them to 58 per cent.

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