Bad loans of public sector banks stood at over Rs 1.43 lakh crore as of September, 2012, Parliament was informed today.
Non-performing assets were Rs 1.12 lakh crore as of March 31, 2012, Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.
"The gross non-performing assets (NPAs) of public sector banks (PSBs) was Rs 1,12,489 crore as at end March, 2012 and Rs 1,43,765 crore as at end September, 2012," he said.
"The gross NPAs of State Bank of India was 33% and 31.9% of the GNPAs of PSBs as at end of March, 2012 and September, 2012 respectively," he added.
