PHD Chamber Organised Workshop on "NPA Management: Challenges & Remedies”
Friday - December 15, 2017 9:55 pm ,
Category : BHOPAL
An estimated Rs.8 lakh crore worth of defaulted loans are putting up immense pressure on financial health of banks and financial institutions. This has created liquidity crunch which in turn making economy in bad. Factors like faulty lending procedure, lack of supervision, natural calamities, sick industries, industrial slow down and judicial & administrative hindrances are responsible for piled up Non Performing Assets (NPAs). Shockingly only a handful companies from sectors like steel, infrastructure etc, owe 60 per cent of NPAs.
This was informed at a one day workshop on “NPA Management: Challenges & Remedies” by PHD Chamber Of Commerce & Industries and Bhopal Management Association here on Friday. It was addressed by PHD Chamber’s Regional Director R. G. Dwivedi, Reserve Bank of India General Manager Rajesh Jai Kanth, Punjab National Bank Deputy Zonal Manager S. K. Dokania, Chartered Accountant Naveen Sood, Madhya Pradesh Industrial Committee Chairman Kunal Giani and Financial Expert Lajpat Rai Shrivastava.
Mr Dokania said that most banks hold up to 75 per cent share in most of the loans therefore they never intend that the lending procedure go wrong. They always try to keep their loans remain productive.
Mr Lajpat said one time settlement, recovery camps, waiver of small and non recoverable loans, legal procedure again willful defaulters are some of the remedies to bring down the NPAs.
Mr Sood talked about bankruptcy Act and said that there is a provision of settlement within 180 days of default. - Window To News
