Which are the main banks in India holding NPAs?

There are many public sector banks in India which has incompetent management that has shelled out free money in the form of loans to fraudulent companies.

Now these loans are obviously in default as the originators have filled their overseas coffers with that money.

The main incompetent banks are 

State Bank of India
Bank of Maharashtra
IDBI Bank
Indian Overseas Bank
UCO Bank
Central Bank of India and the list keeps going on......

Total of Rupees 10,000 Crore is in Non performing assets.

Now most of these cases will go to NCLT National Company Law tribunal which will decide these cases in Indian bankruptcy court (IBC). 

Most bank will only get 1% of the outstanding money lent if they are lucky otherwise it is a total loss.

A bunch of crooks at the banks.

Comments

Post a Comment

Popular posts from this blog

What is Skylake and how does it compare with Broadwell or Haswell?

Haswell, Broadwell and Skylake are are codenames for the respective 4th, 5th and 6th Generation iterations of Intel's processor microarchitechture. Broadwell is perceived as a version upgrade from Haswell however Sklyake is a major microarchitecture re-design. Apple has introduced the latest lineup of Laptops that now use Intel Core M processors based on Skylake. Core i5/i7 are faster than Core M. Core M lies in between the ATOM and the Core i5/i7 series but on a Skylake Architecture however. Intel has the Core i5/i7 versions on both Skylake and Broadwell.
Read more

What is Tokenization?

GTE or Global Tokenization Exchange is going to have a big impact in future The advantages of tokenization are big. Here are a few... Illiquid Assets like Real Estate becomes Liquid Overnight Efficiency in moving around assets as everything is on the blockchain Transparency of assets Fractional Ownership Global Access instead of local Sent from Mailspring , the best free email app for work
Read more

Good Links for PMI Certification.

Here are a few suggestions: 1) Book (and other material) by Mike Griffiths - http://www.rmcproject.com/product/agile_prep.aspx 2) Online Course by Saket Bansal- http://www.izenbridge.com/pmi-acp/online-course/ 3) LinkedIn Groups 4) Discussions from the past on this group. Look at the files section as well. 5) Prep notes - http://pmi-acpexam.blogspot.in 6) Info from PMI - http://www.pmi.org/Certification/New-PMI-Agile-Certification/PMI-ACP-Exam-Prep.aspx
Read more