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Banks Face 35% More Bad Loans

PUBLISHED BY: SURENDER KUMAR
FEBRUARY 18, 2014

   
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Banks Face 35% More Bad Loans

 


Gross Non Performing Assets (NPAs) of 40 listed banks have shot up by 35 % to reach the Rs 2, 43, 000 Crore mark by December 31. This jump is much higher than the 27 % rise seen in the first six months of 2013-14, says a study done by NPAsource.com, a portal which focuses on stressed assets. State Bank of India at 28 % has the largest share in total NPAs of the 40 listed banks, followed by Punjab National Bank with 7 % share while Bank of Baroda and Central Bank of India have 5 % share each.

There does not seem to be any respite for Indian banks from higher interest rates and economic slowdown, causing further bad loans in corporate and retail segments. The fourth quarter of 2013-14 will continue to be bad for banks on the NPAs front, but most banks will have to allocate higher provisioning to reduce their NPAs.





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