Scheduled banks’ NPAs at Rs 81K cr

The gross non-performing assets of scheduled commercial banks was Rs 81,813 crore...

The gross non-performing assets of scheduled commercial banks was Rs 81,813 crore,amounting to 2.5 per cent of their gross advances as on March 31,Parliament was informed today.

On the total,the gross NPAs of public sector banks was Rs 57,301 crore,while the rest Rs 17,384 crore was from the private lenders,Minister of State for Finance Namo Narain Meena said in a written reply to Rajya Sabha.

“As on March 31,2010,the gross NPAs of scheduled commercial banks amounted to Rs 81,813 crore,which is 2.50 per cent of their gross advances,” he said.

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The minister said a number of initiatives have been taken to reduce the quantum of NPAs,including provisioning and classification of such assets,corporate debt restructuring and one-time settlement schemes.

“Due to concerted efforts made by the government and RBI,the gross NPA to gross advances ratio of PSBs has reduced from 3.17 per cent in 2006 to 2.34 per cent in 2008 and 2.27 per cent in 2010,” Meena said.

Replying to another question in the Upper House of Parliament,the minister said country’s largest lender State Bank of India plans to open 3,000 ATMs during the fiscal across the country.