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English Release 19-December 2014
Date Month Year
  • Prime Minister's Office
  • PM conveys best wishes to people of Goa, on Goa Liberation Day
  • PM condoles the passing away of eminent Gandhian Shri Chunibhai Vaidya
  • Min of Defence
  • Chairman COSC & CAS Air Chief Marshal Arup Raha leaves for a two day visit to Mumbai
  • Min of Environment and Forests
  • Report of the High Level Committee headed by Shri T.S.R. Subramanian to review various Acts administered by Ministry of Environment, Forest & Climate Change
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 58.22 per bbl on 18.12.2014
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on December 18, 2014

Previous Date

 
Ministry of Finance29-November, 2012 14:41 IST
Status of NPAs in Different Banks

 

 

 

            The details of Bank Group-wise ratio of Gross Non-Performing Assets (GNPAs) to Gross Advances as on 31st March, 2012 and as on 30th September, 2012 are as under:

 

 

Banks

31st March, 2012

*30th Sept., 2012

Nationalised Banks

2.67%

3.50%

State Bank Group

4.36%

5.16%

Total (Public Sector Banks)

3.17%

4.01%

Scheduled Commercial Banks

2.94%

3.57%

*provisional

 

            To improve the health of financial sector, to reduce the NPAs, to improve asset quality of banks and to prevent slippages, Reserve Bank of India (RBI) has issued instructions that each bank is required to have a loan recovery policy which sets down the manner of recovery of dues, targeted level of reduction (period-wise), norms for permitted sacrifice/waiver, factors to be taken into account before considering waivers, decision levels, reporting to higher authorities and monitoring of write-off/waiver cases.

 

           

           Banks are required to monitor their NPAs and take steps to bring them down through upgradation/ recovery/prudential write off. Reserve Bank of India also monitors the NPA levels in banks.  This aspect is reviewed during Annual Financial Inspections of banks and monitored on an ongoing basis through regulatory returns submitted by banks and periodical meetings with banks.

 

          The Government has advised Public Sector Banks (PSBs) to take a number of new initiatives to increase the pace of recovery and manage NPAs, which include appointment of Nodal officers for recovery, to conduct special drives for recovery of loss assets, to put in place early warning system, to replace system of post dated cheques with Electronic Clearance System (ECS), e-auctions, sharing of credit information through CIBIL, assigning of loss assets on incentive basis to Asset Reconstruction Companies and giving weightage to recovery of NPAs in Statement of Intent on annual goals of PSBs.

 

           

 

 

The details of Bank Group-wise reduction in NPAs by Scheduled Commercial Banks (SCBs) are as under:

(Amount in Rs. Crore)

Banks

2010-11

2011-12

Nationalised Banks

27637.84

33699.12

State Bank  Group

15359.00

16300.15

Total (PSBs)

42996.84

49999.27

Total (SCBs)

56332.30

62602.57

 

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.

* * *

DSM/RS/ka

 


(Release ID :89602)

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