The gross NPAs or bad loans of scheduled commercial banks as on 31 December 2017 due to loans to industry were at Rs609,222 crore, accounting for 20.41% of the gross advances. The highest amount of gross NPAs was for country’s largest lender State Bank of India (SBI) at Rs201,560 crore. Among others, Punjab National Bank (PNB) was at Rs55,200 crore; IDBI Bank Rs44,542 crore; Bank of India Rs43,474 crore; Bank of Baroda Rs41,649 crore; Union Bank of India Rs38,047 crore; Canara Bank Rs37,794 crore and ICICI Bank Rs33,849 crore. Indian Overseas Bank bank had gross NPAs of Rs31,724 crore; Central Bank of India Rs32,491 crore; UCO Bank Rs24,308 crore; Allahabad Bank Rs23,120 crore; Andhra Bank Rs21,599 crore and Corporation Bank Rs21,818 crore. RBI has placed eleven PSBs—Dena Bank, Central Bank of India, Bank of Maharashtra, UCO Bank, IDBI Bank, Oriental Bank of Commerce, Indian Overseas Bank, Corporation Bank, Bank of India, Allahabad Bank and United Bank of India—under the PCA framework.

Source: Mint March 09, 2018 13:07 UTC