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TMI BlogFunctioning of Public Sector BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Functioning of Public Sector Banks X X X X Extracts X X X X X X X X Extracts X X X X ..... KPIs included measures such as efficiency of capital usage, diversification of business processes and NPA management etc. Further, the government made available funds to the tune of ₹ 70,000 crore for infusion in PSBs till FY 19 to confirm with capital adequacy norms outlined under Basel III. The Government also allowed PSBs to raise capital through Follow-on Public Offer (FPO) or Qualified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Institutional Placement (QIP) by diluting Government of India holding upto 52% in phased manner based on their capital requirement, their stock performance, liquidity, market conditions etc. Gross NPAs of Public Sector Banks (PSBs) have shown an increase during the recent years. NPAs have risen from 9.83% as on March 2016 to 12.23% as on December 2016 in respect of PSBs. The increase in NPAs is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... due to slowdown in recovery in the global economy and continuing uncertainty in the global markets leading to lower exports of various products like textiles, engineering goods, leather, gems etc. A roadmap has been prepared by the Government for improvement in functioning of Debts Recovery Tribunals (DRTs). These include setting up e-DRT project, computerization, scanning and digitization of le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gacy records, creation of online DRT portal (www.drt.gov.in), providing IT infrastructure, adequate office space and other infrastructure. Further, to strengthen DRTs, the Recovery of Debts Due to Banks and Financial Institutions (RDDB & FI) Act, 1993 was amended in 2016 to rationalise the procedures and timelines followed by these Tribunals for expeditious adjudication and speedier resolution of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... defaulted loans in time bound manner. In order to augment capability of DRTs, regular training programs are being conducted for Registrars, Assistant Registrars, Recovery Officers and other staff. Six new DRTs have been established at Bengaluru, Chandigarh, Dehradun, Ernakulam, Hyderabad and Siliguri by the Government for speedier disposal of cases. This was stated by Shri Santosh Kumar Gangw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha. X X X X Extracts X X X X X X X X Extracts X X X X
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