Rise in NPAS in the Banking Sector

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..... Rise in NPAS in the Banking Sector
News and Press Release
Dated:- 23-11-2016

The details of Gross Advances, Gross Non-Performing Assets (GNPA)+ Restructured Advances and Gross NPA + Rest .....

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..... ructured Advances ratio of Scheduled Commercials Banks (SCBs) for last three years are as under: SCHEDULED COMMERCIAL BANKS (Rs. In crore) GROSS ADVANCES GROSS NPA + RESTRUCTURED ADVANCES GNPA + .....

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..... RESTRUCTURED ADVANCES RATIO FY 2014 61,01,775 6,08,967 9.98% FY 2015 66,91,204 7,28,925 10.89% FY 2016 72,73,202 8,32,786 11.45% Main reasons for increase in NPAs of banks are slowdown in .....

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..... recovery in the global economy and continuing uncertainty in the global markets leading to lower exports of various products like textiles, engineering goods, leather, gems, etc. The PSB's continue t .....

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..... o be under stress on account of aggressive lending in the past. NITI Aaayog has not moved any proposal to create a bad bank to hold the stresses and non-productive assets and loan recovery of banks. .....

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..... This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha.
News - Press release - PIB .....

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