Non-performing assets up from 2.28% in March 2010 to 4.01% in September 2012

Gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012,

Lok Sabha was informed on Friday.

For SBI Group, the gross NPA (as a percentage of gross advances) has jumped from 2.82 per cent in March 2010 to 5.16 per cent in September 2012, Namo Narain Meena, Minister of State for Finance, said in a written reply.

In the case of nationalised banks, gross NPAs have increased from 2.04 per cent in March 2010 to 3.50 per cent in September 2012. The Government has advised public sector banks to take a number of new initiatives to increase the pace of recovery and manage NPAs, Meena said.

Srivats.kr@thehindu.co.in

(This article was published on December 9, 2012)
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