New Delhi: Within days of market regulator asking the listed PSU banks to report divergence in NPAs as estimated by them and RBI immediately to the bourses, three banks — Indian Bank, Union Bank and Uco Bank have done so and more could follow suit.
SBI had on Thursday directed all listed lenders to make disclosures on divergences and provisioning within a day of receipt of the
RBI's final risk assessment report (RAR).
Indian Bank in a disclosure to BSE said "in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular of 31.10.2019, we enclose the report of divergence in asset classification and provisioning for NPAs as per Risk Assessment Report (RAR) of RBI for the year 2018-19."
The Gross NPAs as on March , 2019 as reported by Indian Bank was Rs 13,353 crore while RBI assessed it as Rs 13,537 crore leading to a divergence of Rs 184 crore.
There was divergence in Net NPA also but it was higher reported by the bank at RS 6,793 crore while RBI estimated it as Rs 5,973 crore resulting in a higher net NPA of Rs 820 crore by the Bank on books.
There was provisioning divergence naturally where RBI said provisioning is Rs 7,135 crore will bank put Rs 6,131 crore resulting in divergence of Rs 1,004 crore.