State-owned banks' NPA crossed Rs 1.23 lakh crore at June-end
Quotes

State-owned banks' NPA crossed Rs 1.23 lakh crore at June-end

Last Updated: Wednesday, August 22, 2012, 19:04
 
 Comment 0
 
State-owned banks' NPA crossed Rs 1.23 lakh crore at June-end
New Delhi: Bad loans of state-owned banks have gone up by nearly Rs 11,000 crore to over Rs 1.23 lakh crore at June-end from Rs 1.12 lakh crore at close of last financial year.

According to a written reply given by Minister of State for Finance Namo Narain Meena in Lok Sabha today, the gross NPA (non-performing assets) of public sector banks stood at Rs 1,23,462 crore as on June-end.

The same was Rs 1,12,489 crore at the end of the last fiscal, Meena said

Country's largest bank SBI with NPAs totalling Rs 40,756 crore topped the list at the end of the first quarter of this financial year.

Of the total NPA of public sector banks, the SBI Group accounted for Rs 50,424 crore.

Meena quoted a RBI data to cite the NPA figures.

Among the new private sector banks, the NPA of ICICI Bank at the end of the June quarter was Rs 9,544 crore, followed by Axis Bank (Rs 2,006 crore) and HDFC Bank (Rs 1,832 crore).

The total NPAs of new private sector banks was Rs 14,778 crore at the end of June, 2012.

The government further said the total gross advances by public sector banks at end of June, 2012 was over Rs 35.46 lakh crore of which the SBI Group accounted for more than Rs 10.64 lakh crore.

In total gross advances by new private sector banks was over Rs 6.75 lakh crore. HDFC Bank's gross advances was more than Rs 2.06 lakh crore, followed by ICICI Bank (Rs 201,662 crore) and Axis Bank (Rs 143,330 crore).

Meena futher said the government does no interfere in the judicial functioning of Debts Recovery Tribunal (DRTs).

However, keeping in view the pendency of cases in tribunals, several steps have been taken by the government to remove the bottlenecks for speedy disposal of cases in DRTS, he added.

PTI



First Published: Wednesday, August 22, 2012, 16:51


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved