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BULLETIN: India's RBI Proposals Move Toward Better Enforcement Of Quality Of Bank Assets
Standard & Poors, April 2005
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
SINGAPORE (Standard & Poor's) April 13, 2005--Standard & Poor's Ratings Services said today that Reserve Bank of India's (RBI; the central bank) recently issued draft guidelines on the sale and purchase of nonperforming assets (NPAs) is a move in the right direction toward better enforcement of the quality of assets in the banking sector. The proposed guidelines also highlight the continued vigilance of RBI in its supervisory activities. Although the draft guidelines have yet to be finalized, they aim to ensure improved quality and disclosure of banks' reported assets. This will be predominantly achieved through allowing the sale or transfers of NPAs to be conducted on a clean basis, without any form of recourse to the selling bank, and that...
Companies mentioned in this report are: India (Republic of) (Unsolicited Ratings),State Bank of India,Bank of Baroda (Unsolicited Ratings),Bank of India,IDBI Bank Ltd.,Union Bank of India,Canara Bank (Unsolicited Ratings),Corporation Bank,Oriental Bank of Commerce,Punjab National Bank,Indian Overseas Bank,ICICI Bank Ltd.
Action: Bulletin
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