Gross NPAs of private lenders up 55% to Rs 35,772 cr in Sept quarter

The lion's share of this was Axis Bank's, given its large balance sheet

With banks' earlier indications of their bad-loan situation being under control, the markets were expecting a stable asset quality profile for the September quarter. However, this has been hit by the Reserve Bank of India's recent diktat in this regard.

Gross NPAs for seven private banks which have declared their quarterly results so far rose 55 per cent over a year before to Rs 35,772 crore by end-September. Compared to the June quarter, these were up 20 per cent.

RBI told banks to reclassify some major loans as NPAs for FY17 and make provision. Two private lenders, Axis Bank and Lakshmi Vilas