Non Performing Assets In The Public Sector Banks

Gross NPAs of public sector banks at Rs 3.16 trn, 3.1% of outstanding loans

The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary said in the Rajya Sabha that as per provisional data of the Reserve Bank of India (RBI), gross NPAs of PSBs and private sector banks as on September 30, 2024 were Rs 3,16,331 crore and Rs 1,34,339 crore, respectively. Further, gross NPAs as percentage of outstanding loan was 3.09 per cent in public sector banks and 1.86 per cent in private sector banks. Chaudhary further said as of March 31, 2024, 580 unique borrowers (excluding individuals and overseas borrowers), each having loan outstanding of more than Rs 50 crore, were classified as wilful defaulters by Scheduled Commercial Banks. To a query on the number of cases resolved and amount of haircuts by banks through the operation of Insolvency and Bankruptcy Code, Chaudhary said as per data, u

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Uco Bank Q2 result: The bank's gross non-performing assets fell to 4.14 per cent in the July-September quarter as compared to 4.48 per cent in the previous quarter

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PNB's net NPAs also declined to 1.98% in the June quarter from 2.72% in the previous quarter

Private banks more aggressive in writing off bad loans than public banks

The ratio of write-offs to gross non-performing assets (GNPAs) in private banks was 47.9 per cent, much higher than 22.2 per cent in public banks

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In March 2021, the GNPAs for SCBs were at 7.5 per cent of the total outstanding loans

Economic stress tests

External sector remains a source of risk

India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

Even as banks have written off more loans than before, recovery of bad loans has also improved substantially in the past couple of years

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

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No light at the end of the tunnel?

It's not all gloom and doom in Indian banking

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The high level of stressed assets in the banking system however provide enormous opportunity for asset reconstruction companies

At Rs 7.34 lakh cr, public sector banks reeling with 77% of total bad loans

Private sector banks' non- performing assets (NPAs) were considerably low at Rs 1.03 lakh crore by September 30