With Dena Bank and Vijaya Bank merging with Bank of Baroda, the Non-performing Assets (NPAs) of the amalgamated entity in Gujarat stands at Rs 8,890 crore, which is 23 per cent of the total bad loans that existed in the state as on December 2018. Advertising“The (gross) NPAs of this entity in Gujarat is Rs 8,890 crore,” confirmed K V Tulshibagwale, General Manager (Ahmedabad Zone) of Bank of Baroda. As on December 2018, the percentage of gross NPAs of Dena Bank stood at 12.45 per cent, while that of the Bank of Baroda and Vijaya Bank was 11.88 per cent and 4.27 per cent respectively in Gujarat. In agriculture, the new entity will have a total outstanding of Rs 19,500 crore, while MSMEs 15,800 crore. AdvertisingIn Gujarat, all the three banks together will have 1,714 branches ( 18 per cent of all bank branches) and 2,169 ATMs that is 20 per cent of total machines.

Source: Indian Express April 02, 2019 01:18 UTC