Gross NPAs of state run banks double in 15 months: Reports
25/08/2016 09:29
As per latest data available with the central bank, the gross non-performing assets (NPAs), or bad loans, of India's state-run banks, measured as a percentage of their advances, have swollen from 5.4 per cent as on March 2015 to 11.3 per cent 15 months later.
As per reports, in contrast, such bad loans of private banks and foreign entities in the industry, rose in a relatively less dramatic manner -- from 2.2 per cent to 2.8 per cent for the former and from 3.2 per cent to 3.7 per cent for the latter.
As per the presentation by the Deputy Governor, the state-run banks also had dismal bottomlines. As against a net profit of Rs 30,869 crore in March 2015, they incurred a net loss of Rs 20,006 crore a year later.
During this period, the net profit of private banks registered a growth from Rs 35,832 crore to Rs 39,672 crore. While foreign banks also made a total net profit, it came down from Rs 12,764 crore to Rs 12,619 crore.
25/08/2016 09:29
As per reports, in contrast, such bad loans of private banks and foreign entities in the industry, rose in a relatively less dramatic manner -- from 2.2 per cent to 2.8 per cent for the former and from 3.2 per cent to 3.7 per cent for the latter.
As per the presentation by the Deputy Governor, the state-run banks also had dismal bottomlines. As against a net profit of Rs 30,869 crore in March 2015, they incurred a net loss of Rs 20,006 crore a year later.
During this period, the net profit of private banks registered a growth from Rs 35,832 crore to Rs 39,672 crore. While foreign banks also made a total net profit, it came down from Rs 12,764 crore to Rs 12,619 crore.
