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Gross NPAs of 11 banks under PCA

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Bank of India’s entry to the list under the Prompt Corrective Actions (PCA) by the Reserve Bank of India is latest. What is meant by PCA and to whom it is applicable?
RBI recently stated that the PCA framework was intended to encourage banks to eschew certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.
The PCA framework would apply without exception to all banks operating in India, including small banks and foreign banks, operating through branches or subsidiaries based on breach of risk thresholds of identified indicators. A bank will be placed under the PCA framework based on the audited Annual Financial Results and the Supervisory Assessment made by RBI. RBI may impose PCA on any bank during the course of a year (including migration from one threshold to another) in case the circumstances so warrant.
The BOI would not be alone to face the RBI action as there are nine other such banks, mostly state-owned banks, for having higher stressed assets. They are: IDBI Bank, Indian Overseas Bank, Bank of Maharashtra, United Bank of India, Dena Bank, Corporation Bank, UCO Bank, Central Bank of India and Oriental Bank of Commerce. These banks have higher gross non-performing assets (NPAs) ranging 12% to 25%. Total gross NPAs in value terms of the entire banking system stood at Rs 8.38 lakh crore as on September 2017, and these ten banks together account for 34% of these total value. The details are mentioned below.

 

 

GROSS NPAs AS OF SEPT 2017                                                                                    AND YEARLY NET PROFIT-LOSS AS OF 2016-17                                                                                        OF 11 BANKS UNDER PCA
AMT IN CR
30.09.17 31.03.17
SR NO BANK GROSS NPAs YEARLY                 NET P/L
 % AMOUNT AMOUNT
1 IDBI Bank #### 51367.69 -5158.14
2 Indian Overseas Bank #### 34708.59 -3416.74
3 UCO Bank #### 24434.95 -1850.67
4 United Bank #### 12892.67 219.51
5 Bank of Maharashtra #### 17239.27 -1372.51
6 Central Bank of India #### 32641.15 -2439.10
7 Dena Bank #### 13201.27 -863.63
8 Oriental Bank of Commerce #### 26431.86 -1094.07
9 Corporation Bank #### 20684.87 561.21
10 Allhabad Bank #### 21454.27 -313.51
11 Bank of India #### 49306.90 -1558.34
TOTAL OF 10 BANKS ######## -17285.99
AVERAGE GNPA ####
COMPILED BY K K KHANNA                                                                                     RETD AGM UNION BANK                                                                                                     Mobile 9871488003 Email krshnkhanna@yahoo.co.in
ERROR OMISSION REGRETTED- PLEASE POINT OUT IF ANY
KKK-04.10.2017

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