Trouble in India’s Credit System of banks having foremost NPAs

To run the economy efficiently and for a proper growth of the economy, there must be a steady banking system in the country. But the continuous inflating of NPAs (Non-Performing Assets) is one of the major hindrances that obstruct the operations of Indian Lenders.

Here are the well-known and big Indian Banks and the total of NPAs they had on their accounts until quarter of March.

1.Indian Overseas Bank

2. IDBI Bank

3. Central Bank

4. Bank of India

5. Punjab National Bank

6. Oriental Bank

7. Dena Bank

8. Canara Bank

And before reading any further,

There’s no need to panic as the Government of India remains committed to support these banks wherein it’s the single largest shareholder.

Indian Overseas Bank

IOBANK

The gross NPA of Indian Overseas Bank has risen to 22.39% of its total lending which is Rs.35,098.25 Crores.

The bank recorded a loss of Rs.646.66 Crores in the March quarter in comparison to the net loss of Rs.936.19 Crores in the March quarter previous year.

IDBI Bank

IDBI

The gross NPA of IDBI Bank has risen to 21.25% of its total lending which is Rs.44,752.59 Crores.

The bank recorded a loss of Rs.3,199.76 Crores in the March quarter this year which is almost double the net loss of Rs.1,735.81 Crores in the March quarter previous year.

Central Bank

CENTRAL

The gross NPA of Central Bank has risen to 17.81% of its total lending which is Rs.27,251.33 Crores.

The bank recorded a loss of Rs.591.77 Crores in the March quarter this year in comparison to Rs.898.04 Crores in the March quarter previous year.

Bank of India

BANK OF INDIA

The gross NPA of Bank of India has risen up to 13.22% of its total lending which is Rs.52,044.52 Crores.

The bank recorded a net loss of 10.46 billion INR for March quarter in comparison to the loss of 35.87 billion INR in the previous year.

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Punjab National Bank

PUNJAB

The gross NPA of PNB is 12.53% of its total lending which is Rs.55,370.45 Crores.

The bank recorded a loss of Rs.22,415 Crores as a comparison to Rs.42,252 Crores in the March quarter last year.

Oriental Bank

OBC

The gross NPA of Oriental Bank is 13.73% of its total lending which is Rs.22,859.27 Crores.

The bank recorded a net loss of Rs.1,218.01 Crores for March quarter in comparison to Rs.21.62 Crores in the March quarter previous year.

Dena Bank

DENA

The gross NPA of Dena Bank is 16.27% of its total lending which is Rs.12,618.73 Crores.

The net loss of the bank has increased to Rs.575 Crores in the March this year in comparison to Rs.326 Crores in the March previous year.

Canara Bank

CANARA

The gross NPA of Canara Bank is 9.63% of its total lending which is Rs.34,202.04 Crores.

Surprisingly, the bank recorded a profit of Rs.2.14 billion in the March quarter this year as a comparison to a loss of Rs.39.05 billion in the previous year.

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