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GOVERNMENT OF INDIA Ministry of Finance
RAJYA SABHA UNSTARRED QUESTION NO. 178 ANSWERED ON JULY 27, 2010
QUESTION Rising Non-Performing Assets (NPA) Level of Public Sector Banks178. SHRI RAJEEV CHANDRASEKHAR:
Will the Minister of FINANCE be pleased to state:
(a) whether there has been deterioration in the overall asset quality of Public Sector Banks in terms of gross Non-performing Assets (NPA) which are reportedly 29 per cent higher than at the end of December, 2009 than the earlier year; and
(b) the reasons for this increase in NPA levels with the Public Sector Banks during the year, apart from cyclical downturn due to severe global recession?
ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) The details of overall asset quality of Public Sector Banks in terms of gross Non-Performing Assets (NPAs) are given as under:
(Amount in Rupees crore)
|Particulars Outstanding as at the end of|
NPAs to Advances Ratio
(b) : The increase in NPAs, in absolute terms, is broadly on account of the consolidated impact of business cyclicality, economic slowdown, delay in implementation of projects and consequent repeated restructuring of accounts by banks, credit growth across the banking industry during the last few years.