TMI BlogLoan Recoverability of BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Loan Recoverability of Banks - News and Press Release Dated:- 7-4-2018 - News - As per Reserve Bank of India (RBI) guidelines, banks are to have a loan recover policy, prepared and duly vetted by their boards. A number of mechanisms are available to banks to effect recovery, such as filing of a suit in Civil courts or in Debts Recovery Tribunals and action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. In addition, the Insolvency and Bankruptcy Code, 2016 has been enacted for time-bound resolution of stressed assets. Further, the Banking Regulation Act, 1949 has been amended to provide for authorisation by the Government to RBI, for issuing directions to banks to initiate the inso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lvency resolution process under the Code, and in pursuance of such directions, banks have filed applications in case of severs/large credit exposures before the National Company Law Tribunal. Further, keeping in view the enactment of the Code, RBI has recently issued a Revised Framework for Resolution of Stressed Assets, which provides for time-bound resolution of high-value stressed accounts. As per data reported by PSBs, 1,77,614 properties have been attached and auctioned by them and an amount of ₹ 15,196 crore has been recovered during the financial years 2014-15 to 2017-18 (till 31.12.2017). As per RBI data on global operations, as on 31.12.2017, the details of Gross Loans and Advances of Scheduled Commercial Banks, are g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iven below. Gross Loans and Advances of Scheduled Commercial Banks, as on 31.12.2017 Amounts in crore Rupees Bank Name Gross Loans and Advances AB Bank Limited 5 Abu Dhabi CommercialBank PJSC 1,48 AllahabadBank 1,61,79 AmericanExpress Banking Corp. 4,46 Andhra Bank 1,51,49 Australiaand New Zealand Banking Group Limited 2,21 Axis Bank Limited 4,32,35 Bandhan Bank Limited 23,13 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bank of America, NationalAssociation 13,18 Bank of Bahrain and Kuwait B.S.C. 1,29 Bank of Baroda 4,28,71 Bank of Ceylon 31 Bank of India 3,79,53 Bank of Maharashtra 95,169 Bank of Nova Scotia 3,880 Barclays Bank PLC 10,500 BNP Paribas 20,037 Canara Bank 3,88,518 CapitalSmall Finance Bank Limited 1,583 CatholicSyrianBank Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9,772 CentralBank of India 1,79,702 CitibankN.A 57,597 CityUnionBank Limited 26,089 CooperatieveRabobankU.A. 2,277 CorporationBank 1,37,049 CreditAgricoleCorporateAnd Investment Bank 4,796 CreditSuisse AG 929 CTBC Bank CoLtd.. 520 DBS Bank Ltd. 18,605 DCB Bank Limited 18,799 Dena Bank 72,443 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Deutsche Bank AG 38,472 Doha Bank QSC 631 Emirates NBD Bank (P.J.S.C.) 277 Equitas Small Finance Bank Limited 7,166 Federal Bank Ltd. 85,922 First Abu Dhabi Bank PJSC - FirstrandBank Ltd. 319 HDFC Bank Ltd. 6,36,640 Hongkongand Shanghai Banking Corpn.Ltd. 45,655 ICICI Bank Limited 5,27,145 IDBI Bank Limited 2,04,768 IDFC Bank Limi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted 49,398 Indian Bank 1,53,120 Indian Overseas Bank 1,51,536 IndusInd Bank Ltd. 1,29,449 Industrialand CommercialBank of China 839 IndustrialBank of Korea 83 Jammu Kashmir Bank Ltd. 61,853 JP Morgan Chase Bank NationalAssociation 10,209 JSC VTB Bank 12 KarnatakaBank Ltd. 44,917 Karur VysyaBank Ltd. 44,836 KEB Hana Bank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 244 Kotak MahindraBank Ltd. 1,61,086 Krung Thai Bank PublicCompanyLimited 5 LakshmiVilas Bank Ltd. 25,231 Mashreq Bank PSC 167 Mizuho Bank Ltd. 9,141 NainitalBank Ltd. 3,463 NationalAustraliaBank 204 OrientalBank of Commerce 1,62,512 Pt Bank MaybankIndonesia TBK 143 Punjab and Sind Bank 64,273 Punjab NationalBank 4,74,952 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Qatar NationalBank SAQ - RBL Bank Limited 37,113 Sberbank 206 SBM Bank (Mauritius) Ltd. 1,266 Shinhan Bank 5,227 Societe Generale 2,582 Sonali Bank 35 South Indian Bank Ltd. 52,184 Standard CharteredBank 72,956 State Bank of India 19,24,592 SumitomoMitsui Banking Corporation 6,812 SyndicateBank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,19,449 TamilnadMercantileBank Ltd. 22,227 The Bank of Tokyo-MitsubishiUFJ Ltd. 9,821 The DhanalakshmiBank Ltd. 6,409 The RoyalBank of Scotland PLC 115 UCO Bank 1,22,948 UnionBank of India 3,14,474 United Bank of India 68,250 United Overseas Bank Ltd. 807 VijayaBank 1,10,622 Westpac Banking Corporation 796 Woori Bank 960 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yes Bank Ltd. 1,72,894 Source: RBI (global operations) This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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