Bad loans of Public sector banks (PSBs) stood at Rs 7.34 lakh crore by the end of second quarter this fiscal, a bulk of which came from corporate defaulters, private sector banks’ NPAs were considerably low. Moreover, for the recovery of the bad loans, the network of Debt Recovery Tribunals have been expanded to 39 at present, as compared to 33 in 2016-17, according to data furnished by the RBI and the government.
The gross non-performing assets of public sector and private sector banks as on September 30, 2017 were Rs 7,33,974 crore and Rs 1,02,808 crore, respectively. Among the major government-owned banks, State Bank of India had the highest level of NPAs at over Rs 1.86 lakh crore, followed by Punjab National Bank (Rs 57,630 crore) and Bank of India (Rs 49,307 crore).
Up to end-September, among private banks, ICICI Bank had the most amount of NPAs at Rs 44,237 crore, followed by Axis Bank (Rs 22,136 crore) and HDFC Bank (Rs 7,644 crore).
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
- NPA stands for Non Performing Assets.
- Dr Urjit Patel is the present Governor of RBI.
Source- DD News