Connect with us

Hi, what are you looking for?


Gross NPAs of private bank go up

Gross NPAs of private sector banks have gone up 40.8% on a yoy basis as of 30 September 2017, according to the Financial Stability Report of the Reserve Bank of India. The gross NPAs at public sector banks rose by 17% over the corresponding period. The gross NPA ratio of the banking sector as whole increased to 10.2% in September, from 9.6% in March, while net NPA ratio rose to 5.7%, from 5.5%. The total net NPA ratio of private sector banks stood at 2%, which is lower than the 5.7% for PSBs. The report said the slippage ratio of the 27 banks (accounting for about 87% of the total assets of the banking system) – the median as well as the tails – were showing signs of moderation. But, banks needed to increase their provision coverage ratio, it added.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Ashish Singhal has taken charge as the Managing Director & CEO of SVC Bank from September 1. He replaces Ajit E Venugopalan as MD....


Move aims to foster trade, travel, and remittances To step up cross-border payments and remittance flows, the Reserve Bank of India and the Monetary...

Sticky Post

P2P lending comes of age in India P2P lending is gaining a major foothold in India. There is a huge opportunity for P2P lending...