Gross NPA of PSBs Strikes 9.83% in FY16 and 11.82% by September 2016

Gross NPA of PSBs Strikes 9.83% in FY16 and 11.82% by September 2016

As per the data released by the Minister of State for Finance Santosh Gangwar in the Lok Sabha on February 3, 2017, Public Sector Banks (PSBs) witnessed a bad loan at 9.83 percent of the gross advances in the financial year (FY) 2015-16, while the bad loans for Private sector banks were

capped(छाया हुआ)  at 2.70 percent of the advances.  For the FY16, PSBs had gross advances of Rs. 51,04,915 crore. Out of this Rs 5,02,068 crore was categorized as gross non-performing assets (GNPA) which accounts for 9.83 percent.

In case of the Private sector bank of the total Rs 17,91,681 crore gross advances made in FY16, only Rs 48,380 crore were gross NPA means only 2.70 percent.

iv. Further, till September 2016, PSBs gross NPA hiked to Rs 5,89,502 crore which is 11.82 percent of the total advances made till date. Besides, when the gross NPAs were combined with the restructured advances, they rose to 15.88 percent as on September 30, 2016.