The Gross Non-Performing Assets (GNPAs)
of Public Sector Banks (PSBs) as on March 2012 were Rs.1,12,489 crore which amounts to 3.17% of Gross Advances and as on
June 2012, they stand at Rs.1,23,462 crore which
amount to 3.48% of Gross Advances. The
details of GNPAs and ratio of GNPAs to Gross Advances of PSBs for the last two
years, bank-wise, are given below:
Click here to
see details
The
ratio of GNPAs to Gross Advances in Private Sector Banks as on June 2012 was
2.12% as against 3.48% in respect of PSBs.
This ratio in PSBs in March 2011 was 2.32%.
The
increase in NPAs in PSBs is due to switching over to system based recognition
of NPAs.
Banks
are required to monitor their NPAs and take steps to bring them down through
recovery/other channels. Reserve Bank of
India also monitors the NPA levels in banks.
This aspect is reviewed during Annual Financial Inspections of Banks and
monitored on an ongoing basis through regulatory returns submitted by banks and
periodical meetings with banks. The
channels of recovery available to banks include recourse to Securitization and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Debt Recovery
Tribunals, Lok Adalats etc.
The
Government has advised PSBs to take a number of new initiatives to increase the
pace of recovery and manage NPAs, which include appointment of Nodal officers
for recovery, to conduct special drives for recovery of loss assets, to put in
place early warning system, to replace system of post dated cheques
with Electronic Clearance System (ECS) and to proactively pursue the loan
issues with State Governments
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in
written reply to a question in Rajya Sabha
today.
***
DSM/RS/Hb