The share of bad loans in their portfolio (gross non-performing assets, or NPAs) was 5.7 per cent in 2013-14. It increased to 8.8 per cent in 2022-23. The proportion of bad loans – after accounting for provisions (net NPAs) – was 2.1 per cent in 2022-23, or roughly where it was a decade ago (chart 2). The gross NPA ratio of scheduled commercial banks, the larger peers of urban cooperatives, was 3.9 per cent, and their net NPA ratio was 1 per cent in 2022-23.
From 2020, deposits are insured up to Rs 5 lakh after the failure of Punjab and Maharashtra Co-operative Bank (PMC) the year before.
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