Monday, November 23, 2015

Indian #PSU banks sitting on Rs.3.04 trillion gross NPA; Unacceptable tells @arunjaitley

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.