Saturday , October 23 2021

Gross NPAs of SCBs drop by nearly 98,000 crore to Rs 9.38 lakh crore by June

Minister of State for Finance Anurag Thakur has said the gross non-performing assets (NPAs) of scheduled commercial banks (SCBs), which stood at Rs 10,36,187 crore on March 31, 2018, dropped by Rs 97, 996 crore to Rs 9,38,191 crore as on June 30, 2019. The gross NPAs stood at Rs 3,23,464 crore as on March 31, 2015 and increased to over Rs 10.36 lakh crore figure by the end of 2017-18 fiscal on March 31. The Minister further said aggregate gross advances of the SCBs in their global operations increased from Rs 25,03,431 crore as on March 31, 2008, to Rs 68,75,748 crore as on March 31, 2014.

As per the report regarding writing off bank NPAs, the State Bank of India wrote off Rs 56,481 crore in FY 2018-19. Other major banks which wrote off large amounts in FY2018-19 include IDBI Bank (Rs 14,166 crore), Canara Bank (Rs 13,849 crore), Bank of Baroda (Rs 11,725 crore), Central Bank of India (Rs 10,375 crore) and Punjab National Bank (Rs 11,238 crore).

The NPA write-offs of banks such as Axis Bank, Bank of India, Bank of Maharashtra, Corporation Bank, Dena Bank, HDFC Bank, ICICI Bank, Oriental Bank of Commerce, Syndicate Bank, Union Bank of India and United Bank of India ranged between Rs 4,000 crore and Rs 10,000 crore in FY 2018-19. The SCBs wrote off Rs 13,744 crore in FY 2018-19 under Agriculture and Allied Activities, while Rs 40,175 crore came under Services-Trade head.

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