The Finance Ministry is examining a proposal to find innovative ways for dealing with burden of NPA provisions by issuing provision shore-up certificates (PSC) to banks. Gross NPAs of scheduled commercial banks as on December 31, 2017 due to loans to industry were at Rs 6,09,222 crore, accounting for 20.41 per cent of the gross advances. The highest amount of gross NPAs was for country's largest lender SBI at Rs 2,01,560 crore. Among others, Punjab National Bank (PNB) was at Rs 55,200 crore, IDBI Bank Rs 44,542 crore, Bank of India Rs 43,474 crore, Bank of Baroda Rs 41,649 crore, Union Bank of India Rs 38,047 crore, Canara Bank Rs 37,794 crore and ICICI Bank Rs 33,849 crore. Indian Overseas Bank bank had gross NPAs of Rs 31,724 crore, Central Bank of India Rs 32,491 crore, UCO Bank Rs 24,308 crore, Allahabad Bank Rs 23,120 crore, Andhra Bank Rs 21,599 crore and Corporation Bank Rs 21,818 crore.

Source: dna May 13, 2018 09:22 UTC