Manju AB

Retail stress continues to build up on banks’ books, with lenders putting up about Rs 15,000 crore of fresh non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) in the quarter ended June. The bulk of the fresh NPAs came from the retail segment, while about one-fifth comprised loans to smaller corporate accounts, such as micro, small, and medium enterprises.

The heads of private and public sector banks will meet Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday to chalk out a roadmap for boosting inflows into the special foreign currency non-resident (FCNR(B)) deposit scheme and address operational hurdles that may be constraining forex mobilisation. The CEOs of private sector banks will meet the Governor in the morning, followed by chiefs of state-owned banks in the afternoon.