The state-owned banks’ gross non-performing assets (NPAs) rose 6.27% to Rs.3.04 trillion in the September quarter from Rs.2.86 trillion in the year earlier. The rise for the private banks has been 5.98%. Overall, gross NPAs of listed banks in the September quarter rose 6.24% to Rs.3.37 trillion from Rs.3.17 trillion in the year earlier.
Private banks’ net NPAs in September stood at Rs.13,966 crore, 6.42% higher from the year earlier. For public-sector banks, net NPAs were Rs.1.73 trillion at the end of September, up from Rs.1.64 trillion in the year earlier.
Unacceptable level of Bad loans in Indian Banks-Finance Minister Arun Jaitley pic.twitter.com/pZeRJL0Cpo
— ANI (@ANI_news) November 23, 2015
Private banks’ net NPAs in September stood at Rs.13,966 crore, 6.42% higher from the year earlier. For public-sector banks, net NPAs were Rs.1.73 trillion at the end of September, up from Rs.1.64 trillion in the year earlier.
