Gross NPAs of listed banks soared 35.2 percent during first three quarters of 2013-14
The gross non-performing assets (NPAs) of listed banks rose 35.2 per cent to 2.43 trillion rupees during the first three quarters of the 2013-14.
The gross non-performing assets (NPAs) of listed banks rose 35.2 per cent to 2.43 trillion rupees during the first three quarters of the current financial year 2013-14.
Stressed loans of listed banks rose to 50 per cent for the calendar year 2013, even as the banks struggle to recover their dues and restructure loans.
Bad loans stood at 138613 crore ruppes for December 2013 against 92398 crore rupees in December 2012.
Among the listed banks, SBI had the highest share of gross NPAs at 67799 crore rupees followed by PNB at 16596 crore rupees, and Bank of Baroda at 11926 crore rupees.
ING Vysya's net NPAs increased the most at 359 per cent, followed by Bank of Maharashtra at 352 percent.
ICICI Bank's gross NPAs rose 8.2 per cent, or by 791 crore rupees to 10399 crore rupees. The level of bad loans was 9607.75 crore rupees as on 31 March 2013.
Banks usually classify any commercial loans as non-performing assets which are more than 90 days overdue and any consumer loans which are more than 180 days overdue. More generally, an asset which is not producing income.