Governor Shaktikant Das said that the central bank would not order an asset quality review
and added that large NBFCs would not be allowed to fail.
M2 PRESSWIRE-July 29, 2019-: Fibank Passed the Asset Quality Review
and the Stress Test
The asset quality review
(AQR) initiated in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs.
The plan to conduct an external asset quality review
(AQR) of medium and large banks is commendable and should set the basis for the long-awaited strengthening of the sector.
The ECB is expected to carry out an asset quality review
and stress tests on the Balkan countryas banks before it gives its nod for entry.
credit card issuers experienced a slowing in year-over-year credit loss increases in the first quarter of 2018 (1Q18) across both general purpose and retail cards, according to Fitch Ratings' latest asset quality review
While welcoming central bank's commitment to helping increase capital buffers by stopping dividend payments by weak banks, they called for an asset quality review
to identify any potential capital need.
According to the latest asset quality review
, recapitalization costs can be covered through new long-term government bonds covering market interest rates.
The level of bad loans held by Indian banks has surged this year after an asset quality review
ordered by the regulator Reserve Bank of India which wants all bad and stressed loans to be fully provided for by March 2017.
In 2014, 130 banks took part in the comprehensive assessment, which consisted of an asset quality review
and a stress test.
SBI chairman Arundhati Bhattacharya said the decline in net profit was due to the impact of asset quality review
( AQR) to the extent of Rs 9,000 crore during the period.
Provisions for bad debt more than doubled from the previous quarter to e1/4664mn, including 443mn related to an asset quality review
that was part of the ECB health check.