Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF FINANCIAL SERVICES

 RAJYA SABHA
UNSTARRED QUESTION NO.2229
TO BE ANSWERED ON THE 13TH DECEMBER 2011/22 AGRAHAYANA, 1933 (SAKA)
Fast Rise in NPAs of PSBs

 2229. SHRI RAJEEV CHANDRASEKHAR:

Will the Minister of FINANCE be pleased to state:-

(a)    Whether it is a fact that the gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) increased by 20 per cent   between  June and September 2011 the highest in the last several years;

(b)   If so, the details thereof, bank-wise;

(c)    Whether the phenomenon of Corporate Debt Restructuring (CDR) of private companies by PSBs are the main-reasons for this increase in NPAs; and

(d)   If so, the details thereof and the steps proposed to be taken by Government in this regard?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRINAMO NARAIN MEENA)

 (a)  & (b): The Reserve Bank of India (RBI) has reported that the quarterly growth in gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) between June and September 2011 has been the highest since September, 2006.  Bank-wise   data on gross NPA (amount outstanding   and ratio) is annexed.

(c): RBI has reported that the phenomenon of Corporate Debt Restructuring (COR) of private companies by PSBs cannot be a reason for the increase in NPAs of PSBs. The objective of the CDR framework is to ensure timely and transparent mechanism for restructuring the corporate debts of viable entities facing  problems,  outside  the purview  of  Board  for Industrial  and Financial Reconstruction   (BIFR),  Debts  Recovery  Tribunal  (DRT)   and  other  legal proceedings, for the benefit of all concerned. In particular, the framework is aimed at preserving viable corporates that are affected by certain internal and external   factors   and   minimize   the   losses   to   the   creditors   and   other stakeholders through an orderly and coordinated restructuring programme.

 (d): Does not arise.

 Annex as referred to in reply to Rajya Sabha Unstared Question No.2229 dated 13.12.2011

 

Gross NPAs - Public Sector Banks

Bank Name

Gross NPAs

Growth over previous period

Gross NPA Ratio (%)

June 2011September
2011
June 2011September
2011
June 2011September
2011

Allahabad Bank

1,617

1,685

1.8

4.2

1.71

1.82

Andhra Bank

1,171

1980

17.6

69.1

1.55

2.66

Bank of Baroda

3,030

2,917

8.7

3.7

1.77

1.7

Bank of India

5,258

7,250

20.7

37.9

3.26

4.55

Bank of Maharashtra

1,198

1,077

2.0

10.1

2.54

2.12

Canara Bank

3 563

3,669

19.5

3.0

1.74

1.77

Central Bank of India

2,708

3840

13.1

41.8

2.15

2.94

Corporation Bank

848

1,080

7.3

27.3

1.07

1.32

Dena Bank

797

830

5.3

4.2

1.86

1.93

lOBIBank Limited

3,288

3 889

18.1

18.3

2.15

2.54

Indian Bank

785

1,033

9.1

31.5

0.99

1.26

Indian Overseas Bank

2,990

3,607

7.0

20.7

2.8

3.17

OrientalBank of Commerce

2,035

3,214

6.0

57.9

2.07

3.04

Punjab & Sind Bank

430

450

1.3

4.8

1

1.06

Punjab NationalBank

4,883

4,989

11.5

2.2

1.99

1.98

Syndicate Bank

2,599

2,697

0.4

3.7

2.63

2.63

UCO Bank

3290

3,480

6.5

5.8

3.71

3.9

Union Bank of India

3 721

5,110

2.7

37.3

2.68

3.65

United Bank of India

1,544

1,908

13.9

23.6

2.91

3.48

Vijaya Bank

1,449

1,381

15.1

4.7

2.83

2:54

Nationalised Banks

47204

56,086

10.0

18.8

2.19

2.55

State Bank of Bki aner & Jaipur

1,062

1,652

27.1

55.5

2.53

3.7

State Bank of Hyderabad

1,281

2,095

11.3

63.6

1.93

3.11

State Bank of India

25,485

31,506

10.5

23.6

3.76

4.6

State Bank of Indore

State Bank of Mvsore

967

1,334

11.9

38.0

2.83

3.72

State Bank of Patiala

140

5           1,865

1.7

32.7

2.76

3.46

State Bank of Travancore

103

7           1,378

24.2

32.8

2.18

2.84

SBIGroup

31,237

39,830

11.0

27.5

3.4

4.26

Public Sector Banks

78,440

95,916

10.4

22.3

2.55

3.06

Source: (DBS) RBI