"We have asked the banks to submit a report apprising the government of the action taken by them on the loan accounts of Rs 50 crore or more. The banks have to give their report within this month," a senior official in the Department of Financial Services (DFS) told DNA Money. NPAs in the state-run banks touched Rs 7.3 lakh crore in June, 2017, as per Reserve Bank of India (RBI) data. The report has to be submitted this month, sources said, referring to a separate communication of the DFS to the banks. Dena Bank, Central Bank of India, Bank of Maharashtra, IDBI Bank, UCO Bank, Oriental Bank of Commerce, Indian Overseas Bank, Corporation Bank, Bank of India, Allahabad Bank and United Bank of India are under the PCA on account of poor performance.

Source: dna May 13, 2018 23:48 UTC