The gross non-performing assets (NPAs) of all the banks rose to Rs8,40,958 crore in December 2017, led by industry loans followed by services and agriculture sectors. New Delhi: 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. The highest amount of gross NPAs was for country’s largest lender State Bank of India (SBI) at Rs2,01,560 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 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.

Source: Mint May 13, 2018 10:41 UTC