Central Bank of India has the maximum NPAs among the 27 public sector banks, according to RBI data. The NPAs include restructured assets as a percentage of total advances. RBI has given this information recently to the finance ministry. According to RBI, Central Bank of India has as of 31 December 2014, 21.5% of its assets either bad or restructured. The other banks with significant NPAs and restructured debt include United Bank of India (19.04%), Punjab and Sind Bank (18.25%) and Punjab National Bank (17.85%). Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of Commerce too have NPAs in excess of 15%. As on March 2014, all scheduled commercial banks, including private and foreign banks, together had Rs 2,64,194 crore worth bad loans. Of these, public sector banks accounted for Rs 2,28,073 crore. In the following nine months, this rose to Rs 2,60,531 crore reflecting the pace at which nationalised banks’ bad loans are piling up. According to RBI, most of the restructured loans are from the corporate sector. The top 30 defaluters together have Rs 95,122 crore as bad debts, which is more than one-third of the gross NPAs of PSU banks at Rs 2,60,531 crore as on December 2014.
