Banks pare NPAs by Rs 4000 cr in Q1
B G ShirsatAshok Divase Mumbai
Net NPAs | | Apr-June 05 | Change* | Apr-June 05 | Change* |
| PNB | 3,529.20 | -1,091.06 | 48.67 | -203.83 |
| Canara Bank | 2,339.44 | -869.13 | 987.85 | -353.82 |
| Bank of Baroda | 3,371.37 | -739.93 | 647.39 | -408.86 |
| Bank of India | 3,085.79 | -611.03 | 1,447.88 | -492.38 |
| SBI | 12,508.88 | -362.69 | 5,204.32 | -339.82 |
| Dena Bank | 1,149.30 | -361.26 | 531.15 | -322.74 |
| Syndicate Bank | 1,465.75 | -321.13 | 427.56 | -252.87 |
| Union Bank of India | 2,056.63 | -222.43 | 967.85 | 233.18 |
| Indian Overseas Bank | 1,385.63 | -187.26 | 262.48 | -243.31 |
| Andhra Bank | 460.51 | -173.62 | 68.08 | -40.73 |
| *year-on-year |
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| Individual banks have reduced their gross NPA by a minimum of 65 basis points to a maximum of 600 basis points. The average net NPA of these banks declined between 28 basis points and 403 basis points. |
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| Public sector banks appears to have made huge recoveries in non-performing assets during the quarter as provision for NPAs was up by modest 292 crore during quarter ended June 2005. |
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| Gross NPAs of 21 banks declined by Rs 4,068 crore during the quarter ended June 05, while provision for NPAs for the quarter aggregated Rs 1,120 crore. |
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| Punjab National Bank tops the list as its gross NPAs declined by Rs 1,091 crore to Rs 3,529 crore and net NPAs declined by Rs 204 crore to Rs 49 crore. |
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As a result, the bank
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