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UBI tops in bad loans

United Bank of India tops the list of public sector banks having maximum bad loans, including restructured assets as a percentage of total advances. As much as 21.5% of the assets of the bank are eigher bad or have been restructureded to avoid being termed as NPAs, according to information provided by RBI to the finance ministry. According to news reports, the other banks having substantial gross NPAs and restructured loans are Central Bank of India (21.3%), Indian Overseas Bank (19.4%), Punjab & Sind Bank (18.74%) and Punjab National Bank (17.94%) as on March 2015. State Bank of Patiala, Allahabad Bank, Oriental Bank of Commerce, UCO Bank and Dena Bank too have bad and restructured loans in excess of 15%. According to these reports, most of the restructured loans are from the corporate sector – the top 30 defaulters are sitting on bad loans of Rs 93,769 crore, which is more than one-third of the gross NPas of PSU banks at Rs 2,55,180 crore as on March 2015.

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