Banks' gross non-performing assets decline to Rs 8 lakh crore as of September 2021: Bhagwat Karad
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Minister of State for Finance Bhagwat Karad has said that the banks' gross non-performing assets (GNPAs) have declined to Rs 8,00,463 crore (6.93 per cent) as of September 30, 2021 from Rs 9,33,779 crore (GNPA ratio of 9.07 per cent) as on March 31, 2019. Of this, the share of public sector banks (PSBs) in bad loans proportion has also declined 72 per cent against nearly 80 per cent.
The minister said GNPAs of public sector banks as a proportion to that of scheduled commercial banks (SCBs) have decreased from 79.2 per cent as on March 31, 2019, to 72.3 per cent as on September 9, 2021. However, he said gross NPAs of private sector banks as a proportion of that of SCBs have increased from 19.4 per cent to 24.9 per cent during this period.
Karad also stated that Gross NPAs of deposit-taking NBFCs and non-deposit taking systemically important NBFCs stood at Rs 1,91,413 crore (GNPA ratio of 6.87 per cent) at the end of September 2021.
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