State Bank of India – Ramanisblog

Banks with bad Debts(NPA)-Full List.

If one were to take statistics,bad debts would have come from corporate, large companies and individually wealthy people.

Small business men and individual borrowers especially the poor lower,middle and middle class would have cleared the loan.

Occupy Wall Street is to be supported because of this.

All the much touted banks are in the list.

One does not find a smaller bank, say Vijaya Bank,KVB,CUB.

Surprising Indian bank does not figure in the list.

May be theydid not meet the minimum NPA to be included in the list.

Some banks have even shown growth in NPA.

Good governance by the Economist Prime Minister.

State bank of India Building. — State bank of India.

1. State Bank of India

Net NPAs: Rs 12,347.90 crore
Gross NPAs: Rs 25,326.29 crore

The gross non-performing assets (NPAs) of public sector banks increased by 20 per cent during June-September 2011.

Standard & Poor’s, which had in September downgraded standalone ratings of State Bank of India, said high credit risks in the Indian banking sector reflects that the country has a weak payment culture and legal system that often result in low recoveries and delayed settlement of foreclosures.

(NPA figures are for the year ended March 2011, Source: RBI)

Net NPAs: Rs 2,407.36 crore
Gross NPAs: Rs 10,034.26 crore

ICICI Bank has the highest NPAs among private sector banks. ICICI Bank has slightly improved its net bad debts to 0.90 per cent from 0.91 per cent in the earlier quarter.

Indian banks face challenges like increase in interest rates on saving deposits, a tighter monetary policy, restructured loan accounts and increasing infrastructure loans.

3. Canara Bank

Net NPAs: Rs 2,347.33 crore
Gross NPAs: Rs 3,089.21 crore

Canara Bank’s gross NPA ratio increased to 1.73 per cent (Rs 3,793 crore) for the quarter ending September 30 from 1.49 per cent (Rs 2,636 crore) in the year-ago period. The net NPA ratio stood at 1.43 per cent (Rs 3,117 crore) in September.

4. Punjab National Bank

Net NPAs: Rs 2,038.63 crore
Gross NPAs: Rs 4,379.39 crore

The NPAs of Punjab National Bank (PNB) rose by 29 per cent during the July-September quarter to Rs 5,150 crore.

Net NPAs: Rs 1944.99 crore
Gross NPAs: Rs 4,811.55 crore

The bank’s gross non-performing assets (npas) stood at 3.02 per cent, up 33 basis points sequentially, while net NPAs stood at 1.98 per cent, up 71 basis points sequentially.

Net NPAs: Rs 1,824.55 crore
Gross NPAs: Rs 3,150.36 crore

As NPAs mount, UCO Bank is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent in FY12.

7. Union Bank of India

Net NPAs: Rs 1,803.44 crore
Gross NPAs: Rs 3,622.82 crore

The system based NPA recognition method has led to a rise NPAs. Compared to the manual method, the system based study gives an accurate picture of bad loans.

However, the Union Bank is optimistic about cutting down NPAs. It expects gross NPAs to be below 3 per cent in the coming quarter.

8. IDBI Bank

Net NPAs: Rs 1,677.91 crore
Gross NPAs: Rs 2,784.73 crore

While IDBI’s gross NPA rose to 2.47 per cent from 1.88 per cent, net NPA shot up to 1.57 from 1.19 per cent in the second quarter.
Net NPAs: Rs 1,328.42 crore
Gross NPAs: Rs 3,089.59 crore

The gross NPA stood at Rs 3,090 crore in March 2011, as against Rs 3,611 crore in March 2010.

In percentage terms, the gross NPA ratio was 2.72 per cent as on March 2011 compared to 4.47 per cent in March 2010.

10. Syndicate Bank

Net NPAs: Rs 1,030.84 crore
Gross NPAs: Rs 2,598.97 crore

While the net non-performing assets (NPAs) increased to Rs 1,052 crore for the second quarter ended September, as against Rs 917 crore in the year-ago period, the percentage of net NPA declined marginally to 0.93 per cent, as against 0.97 per cent in the same period last year.

http://www.rediff.com/business/slide-show/slide-show-1-indian-banks-with-highest-npas/20111122.htm

22 Nov 2011

Papers Missing from 2G files,Supreme Court.

The Sketch is of the former and first woman pr... — Image via Wikipedia

The said document has reference o the fact that the TRAI has recommended ‘level playing field for the new entrants, thus implying old norms have to be discarded.

This nails the recent statement of TRAI that it has not said anything about new set of Rules to DoT or Finance Ministry.

The page could also contain information about the role of the then Finance Minister, P.Chidambaram.

Is this a leak organised by Pranab Mukherjee after ‘patch up’ with Chidambaram.

Note that these actions on the part of CBI are after Sonia became active.

Papers are lost in Adash Society scam,CWG ,Paperless discussions on 2G and now 2G papers ?

What a blatant criminal Act?

Hope CBI officer does not go missing as in the case of the officer who investigated Nagarvala case.

‘Last week, Chief Information Commissioner Wajahat Habibullah directed the concerned ministry to provide one of the witnesses of the Nagarwala case the transcripts of his testimony within the next 10 days.

‘The voice of Nagarwala has come back to haunt public memory 30 years after it fooled a chief cashier at State Bank of India to part with Rs 60 lakh.

Rustom Suhrab Nagarwala, an ex-army captain and intelligence officer, for reasons still unknown, called the bank’s Parliament Street branch on May 24, 1971. On the other end of the line was chief cashier Ved Prakash Malhotra, who heard the “voice of Prime Minister Indira Gandhi” instructing him to withdraw Rs 60 lakh and hand it over to a “Bangladeshi”. Times were tense, with India on the threshold of a war with Bangladesh. Malhotra did not cross-check before following the voice’s instructions. Alarm bells rang for Malhotra when he learnt of the impersonation at the PM’s residence, where he had gone to get a receipt for the sum withdrawn.’

http://www.indianexpress.com/news/nagarwala-case-mystery-returns-after-three-decades/400972/1

http://en.wikipedia.org/wiki/1971_Nagarwala_scandal

( I distinctly remember that a CBI Officer who was investigating the case went missing.No reference is found in the net on this! Does any one have information on this?)

‘ CBI placed before the Supreme Court the Finance Ministry file on the issue of fixing the price of 2G spectrum in 2008 but it could not be taken on record and returned to the agency as some pages of the file were missing.

“Check the pages. Where are the running pages”? a bench of justices G S Singhvi and A K Ganguly said when it found that some pages were missing from the file.

After drawing the attention of the CBI counsel and senior advocate K K Venugopal, the bench returned the file asking the agency to take corrective measures.

However, during the brief perusal of the file, the bench said it was inherent in the note of the then Finance Seceretary D Subba Rao that a suggestion was taken from the Army on the issue of spectrum.

The court also took note that there was a document to suggest that telecom regulator TRAI has written to the Department of Telecommunication about creating a level-playing field for the new entrant in the sector so that the new comers do not face pay more….’

http://news.oneindia.in/2011/09/30/2g-scam-fin-min-file-placed-before-sc-some-pagesmissing.html

7 Oct 2011

Banks and Home Loans Frauds.

Banks in India too have their bits of Frauds.

Top PSU’s ,including LIC Housing were involved in Home loans scams and many senior executives were arrested.

Of course nothing has been heard ever since their arrest quite some time ago.

Banks use many tactics to defraud he home loan customers.( see related)

After the Loan is fully paid,consumers are asked to pay extra amount(it varies from Bank to Bank), before they issue ‘Release Letters’.

Documentation charges–why?(again varies from Bank to Bank)

Story:

WASHINGTON — A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post.

The five separate investigations were conducted by the Department of Housing and Urban Development’s inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources said.

The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges.

http://www.huffingtonpost.com/2011/05/16/foreclosure-fraud-audit-false-claims-act_n_862686.html?utm_campaign=051611&utm_medium=email&utm_source=Alert-business&utm_content=FullStory

The State Bank of India, the country’s largest commercial bank, has been forced to withdraw “teaser” mortgage loans amid fears of repeating the lending follies of the US subprime crisis.

Under pressure from the Reserve Bank of India to curb what the regulator considered potentially reckless lending, the SBI said last week that it would scrap the home loans from May.

http://seekingalpha.com/instablog/522286-silentplanet/169284-indian-banks-scraps-teaser-home-loans

(CONFIDENTIAL AND WITHOUT PREJUDICE)
Attn : Existing HDFC Home Loan Customers – Join Yahoo Group The existing customers of HDFC home loan have formed a group at Yahoo Groups by the name of ‘hdfchomeloancustomers’ to address the concerns of existing customers who are paying high interest rates. The group unites Hdfc customers and intends to take the issues like high interest rates, conversion fee, increase in loan transfer fee and treatment of old customer’s with HDFC. The group is very active, vibrant with people from diverse vocations and regions. Please join the group. Please forward to all you know are HDFC customers”

http://www.complaintsboard.com/complaints/hdfc-home-loan-c57295.html#comments

http://www.complaintsboard.com/bycompany/hdfc-home-loan-a16674.html

http://www.icrpc.org/