RBL Bank Faces Scrutiny

Private sector lender, RBL Bank on Thursday said that the divergence between its own gross bad loan estimates and those made by the RBI stood at Rs 339.30 crore at the end of 2015-16.

For better transparency in the banking system and to curb NPAs, the Reserve Bank of India (RBI) had on April 18, 2017, released a notification titled ‘Disclosure in the “Notes to Accounts” to the Financial Statements - Divergence in the asset classification and provisioning’ to all the banks in India. This notification came in after RBI found that norms set for asset classification and provisioning were breached by the banks.

The central bank has urged that if there is a more than 15% difference in their assessment of bad loans versus the regulator, the divergence must be disclosed.

According to RBL's annual report, gross non-performing assets (NPAs) as assessed by RBI stood at Rs 547.35 crore for 2015-16. The bank had reported gross NPAs of Rs 208.05 crore as on 31 March 2016. The scrip was trading down by 1.75% at Rs. 515.85 at 1037.  

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 
Share on Google Plus Share on Pinterest

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.