The concept of non-performing assets (NPAs), or bad loans in everyman’s language, is nothing new for the banking sector.
Indian banks’ NPAs have been in the spotlight for the past few months. Their recognition as well as prior provisioning (as per prudential norms) in this quarter has caused some of the spectacularly worst results ever reported by the sector. A good part of them originate from public sector banks, traditionally funded by the Government, hence this problem indirectly impacts all taxpayers. It is therefore crucial to publicly discuss the causes of, and the way forward from, this particular situation.
To discuss this, the FPJ-IMC Forum organized a panel discussion with experts at the Indian Merchants Chamber, Mumbai. The keynote address was given by S.S. Mundra, deputy governor, Reserve Bank of India. The panel comprised Abizer Diwanji, Partner & National Leader, Financial Services, Ernst & Young; M.V. Tanksale, Chief Executive, Indian Banks’ Association; and Srinivas Vishnubhatla, CEO, Mosaik Risk Solutions
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