As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs), finance ministry data shows. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than Rs 100 crore each, totalling Rs 77,538 crore, at the end of the September quarter. Among the nationalised banks, Punjab National Bank topped the chart with 143 non-performing asset (NPA) accounts carrying over Rs 100 crore each. PNB was followed by Canara Bank with maximum number of accounts with NPAs of more than Rs 100 crore. Gross non-performing assets of state-owned banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.

Source: Hindustan Times January 07, 2018 06:33 UTC