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Assembly Election LIVE Results

  • LOST

    Shaktisinh Gohil

    INC (Mandvi)
  • WON

    Jignesh Mevani

    IND (Vadgam (SC)
  • WON

    Alpesh Thakor

    INC (Radhanpur)
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    Nitinbhai Patel

    BJP (Mahesana)
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    Hitu Kanodiya

    BJP (Idar (SC)
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    Pradipsinh Jadeja

    BJP (Vatva)
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    Babubhai Mangukiya

    INC (Thakkarbapa Nagar)
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    Himmatsinh Patel

    INC (Bapunagar)
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    Bhupendrasinh Chudasama

    BJP (Dholka)
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    Somabhai Patel

    INC (Limbdi)
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    Indranil Rajguru

    INC (Rajkot West)
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    Vijay Rupani

    BJP (Rajkot West)
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    Jayesh Radadiya

    BJP (Jetpur)
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    Lalit Vasoya

    INC (Dhoraji)
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    Raghavjibhai Patel

    BJP (Jamnagar Rural)
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    Hakubha Jadeja

    BJP (Jamnagar North)
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    Arjun Modhwadia

    INC (Porbandar)
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    Paresh Dhanani

    INC (Amreli)
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    Purshottam Solanki

    BJP (Bhavnagar Rural)
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    Jitu Vaghan

    BJP (Bhavnagar West)
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    Saurabh Patel

    BJP (Botad)
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    Ramsinh Parmar

    BJP (Thasra)
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    CK Raulji

    BJP (Godhra)
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    Mohansinh Rathava

    INC (Chhota Udaipur (ST)
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    Siddharth Patel

    INC (Dabhoi)
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    Manisha Vakil

    BJP (Vadodara City (SC)
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    Rajendra Trivedi

    BJP (Raopura)
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    Mahesh Vasava

    BTP (Dediapada (ST)
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    Chhotubhai Vasava

    BTP (Jhagadia (ST)
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    Tusharbhai Chaudhari

    INC (Mahuva (ST)
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    Thakur Singh Bharmouri

    INC (Bharmour (ST)
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    Asha Kumari

    INC (Dalhousie)
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    GS Bali

    INC (Nagrota)
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    INC (Dharamshala)
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    Indu Goswami

    BJP (Palampur)
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    Jai Ram Thakur

    BJP (Seraj)
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    Anil Sharma

    BJP (Mandi)
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    Champa Thakur

    INC (Mandi)
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    Prem Kumar Dhumal

    BJP (Sujanpur)
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    Satpal Singh Satti

    BJP (Una)
  • LEADING

    Virbhadra Singh

    INC (Arki)
  • WON

    Suresh Bhardwaj

    BJP (Shimla)
  • WON

    Vikramaditya Singh

    INC (Shimla Rural)
  • WON

    Narinder Bragta

    BJP (Jubbal Kotkhai)
»
1-min read

NPA Resolution: PMO to Take Stock of Progress on June 19

The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of bad loans.

PTI

Updated:June 16, 2017, 7:25 PM IST
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NPA Resolution: PMO to Take Stock of Progress on June 19
RBI is likely to spell out detailed measures to rein in NPAs and share a timeline to bring them down to the acceptable levels. (Photo: Reuters)
New Delhi: The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of NPAs in the light of recent action taken by the Reserve Bank on stressed assets.

Prime Minister's additional secretary P K Mishra is scheduled to take stock of the resolution of non-performing assets (NPAs) or bad loans which have reached unacceptably high level, sources said.

The banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of public sector banks (PSBs). The meeting is also likely to be attended by RBI Deputy Governor Viral Acharya, sources said.

Ministry of Corporate Affairs Secretary Tapan Ray, who holds additional charge as secretary, Department of Economic Affairs, and Financial Services Secretary Anjuly Chib Duggal are among the senior officials who will present the preparedness of institutional side including National Company Law Tribunal (NCLT) to handle resolution process.

RBI is likely to spell out detailed measures to rein in NPAs and share a possible timeline to bring them down to the acceptable level.

Earlier this week, RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks.

These 12 accounts would qualify for immediate reference under the Insolvency and Bankruptcy Code (IBC), RBI said. The Reserve Bank had set up an Internal Advisory Committee (IAC), comprising a majority of its independent board members, to advise it with regard to the cases that may be considered for reference for resolution under the IBC.

The IAC, the apex bank said, arrived at an objective, non-discretionary criterion for referring accounts for resolution under the IBC.

In particular, the IAC recommended for IBC reference of all accounts with fund and non-fund based outstanding amount greater than Rs 5,000 crore, with 60 per cent or more classified as non-performing by banks as of March 31, 2016.
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