Non-performing assets (NPAs), or bad loans, of state-run banks amounted to a staggering Rs 7.34 lakh crore by the end of second quarter of the current fiscal ended September, most on account of corporate defaulters, according to data furnished by the RBI and the government. Reserve Bank of India data earlier this week, however, showed that NPAs of private sector banks stood at a much lower level of around Rs 1.03 lakh crore by the end of the July-September quarter.
"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," a Finance Ministry statement said.
It said leading corporate entities and companies accounted for around 77 per cent of the total gross NPAs of banks from domestic operations.
Get Today Trading Tips Click Here >> https://goo.gl/nBwumR Or Give A Missed Call @ 9713040450 And Like This Page >> https://www.facebook.com/capitalliferesearch.
No comments:
Post a Comment