Watch What Else Is making NewsAt least five banks have reported gross NPA ratios (ratio of bad loans to total loans) of over 15 per cent. Indian Overseas Bank’s gross NPA ratio is 22.42 per cent, which means Rs 22.42 out of every Rs 100 lent by the bank is classified as a bad loan. UCO Bank has posted an NPA ratio of 17.18 per cent, United Bank of India 15.98 per cent, IDBI Bank 15.16 per cent and Bank of Maharashtra 15.08 per cent, the Care analysis reveals. Efforts of banks to recover bad loans were hamstrung by the redeployment of many staffers to branches in November and December after high-value notes were scrapped. However, a section of experts say banks have reduced NPA levels through write-offs and restructuring, and no clear picture of bad loans emerges if all financial sector players are included.

Source: Indian Express February 19, 2017 21:22 UTC