DCB: Some large exposures may turn NPA

DCB: Some large exposures may turn NPA

FPJ BureauUpdated: Saturday, June 01, 2019, 01:29 AM IST
article-image

New Delhi:  Private sector DCB Bank said it is possible that its one or two large exposures may slip into non-performing asset (NPA) category.  “In the last quarter of FY 2015 we had one large exposure which became NPA. It is possible that one or two large exposures may slip into NPA in FY 2016 as well,” DCB Bank said in a note. Since it is not a member of Corporate Debt Restructuring, the bank said it is selective in restructuring loans. As of March 2015, the restructured standard portfolio of the bank stood at Rs 58.46 crore comprising 8 accounts.

RECENT STORIES

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

US Tweaks Rules On Airline Fees And Refunds To Aid Customers

US Tweaks Rules On Airline Fees And Refunds To Aid Customers