https://www.taxtmi.com/news?id=20368 The 2015 Asset Quality Review revealed under-recognised stressed assets in Public Sector Banks caused by aggressive lending, wilful defaults, fraud and economic slowdown; restructured loans' expected losses were reclassified as NPAs and provided for, restructuring schemes were withdrawn in FY 2017-18 to ensure transparent recognition, producing a marked increase in aggregate gross NPAs of PSBs between March 2014 and March 2018, with a modest aggregate reduction reported by six PSBs in the following quarter, and no RBI data on NPA proportions by enterprise size. en-us Fri, 03 Aug 2018 18:13:39 +0530 Fri, 03 Aug 2018 18:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20368 The 2015 Asset Quality Review revealed under-recognised stressed assets in Public Sector Banks caused by aggressive lending, wilful defaults, fraud and economic slowdown; restructured loans' expected losses were reclassified as NPAs and provided for, restructuring schemes were withdrawn in FY 2017-18 to ensure transparent recognition, producing a marked increase in aggregate gross NPAs of PSBs between March 2014 and March 2018, with a modest aggregate reduction reported by six PSBs in the following quarter, and no RBI data on NPA proportions by enterprise size. News - Fri, 03 Aug 2018 18:13:39 +0530 https://www.taxtmi.com/news?id=20368