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Robust credit policy can reduce stressed assets

DNMUM420052 | 8/10/2018 | Author : Ashish Rathi | WC :486

THE BIG PICTURE

With the impending quarterly results, the focus is again on the profitability of the banking sector. In the last financial year 2017-18, approximately Rs 1.5 lakh crore of bad loans were written off by the  banking sector. Out of this, the share of public sector banks was over 80%.  However, this cannot be looked at in isolation, since public sector banks also have a two- third share in the total lending.
The write offs are expected to increase in the current financial year as well. While some argue that the write-offs are “technical” in nature, and that the write-offs do not preclude the banks from taking action and recovering money from the errant borrowers, the extent of provisioning in the books may reduce the incentive for recov
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