NPAs of nationalised banks rises to Rs73,038 crore in June
MDT/PTI 07 September 2012

Gross NPAs for nationalised bank, excluding SBI and its associate banks, rose to Rs73,038 crore in June from Rs66,795 crore at the end of March 2012 

 
New Delhi: The Union Government has said the gross non-performing assets (NPAs) of nationalised banks, excluding State Bank of India (SBI) and its five associate banks, have increased to Rs73,038 crore in June, reports PTI.
 
The gross NPAs for nationalised bank stood at Rs66,795 crore at the end of March 2012 against Rs73,038 crore in June 2012, Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha.
 
The nationalised banks include 20 banks excluding State Bank of India and its five associate banks.
 
"Banks are required to monitor their NPAs and take steps to bring them down through recovery or other channels," he said.
 
RBI also monitors the NPA levels in banks, he said, adding the aspect is reviewed during Annual Financial Inspections of banks and monitored on an ongoing basis through regulatory returns submitted by banks and periodical meetings with banks.
 
The channels of recovery available to banks include recourse to Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Debt Recovery Tribunals, Lok Adalats etc., he added.
 
The government has advised public sector banks to take a number of new initiatives to increase the pace of recovery and manage NPAs, he added.
 
The new initiatives included appointment of nodal officers for recovery, to conduct special drives for recovery of loss assets, to put in place early warning system, to replace system of post dated cheques with Electronic Clearance System and to proactively pursue the loan issues with state governments, he added.
 
Comments
Rajan Manchanda
1 decade ago
NPAs.......not alarming at all.

Figures of 2G and coalgate are much more impressive.
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