NIFTY 50

RBI sends banks a fresh list of 240 accounts to recognise as NPA

Updated : July 30, 2018 09:20 AM IST

Reserve Bank of India (RBI) has started the second round of asset quality review (AQR) and sends out a fresh list of 240-odd accounts that banks have to recognise as non-performing assets (NPAs).

RBI had launched AQR in the second half of 2015 under which its inspectors checked the books of all banks and identified bad assets.

Companies such as Reliance Naval, JSPL, Ratnagiri Gas, Teesta Uria, Tamil Nadu Genco, Lalitpur Power Genco, JP Power Ventures, Haldia Petrochem, Lanco Kondapalli, Rolta India, Jindal India Thermal, Lanco Vidarbha, GMR Kamlanga, Patel Engineering, Juniper Hotels, Patna Highway, KSK Mahanadi, Lanco Res Intl, Lanco Babandh, Habua Power, Udupi Power, Bhavnagar Energy are already recognised as NPAs.

However, the second round AQR is important because the RBI is asking banks to recognise them as NPA from a previous date.
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