According to the report, the jump of 35.2% was much higher than the 27% rise witnessed in the first six months of fiscal 2013-14.
Ten out of the 40 listed banks accounted for nearly 70% of the total gross NPAs of Rs 2.43 lakh crore, the report added.
The State Bank of India (SBI), which has the largest share in the total gross NPAs of the 40 listed banks, owns 28% or Rs 67,799 crore in bad loans.
SBI is followed by Punjab National Bank with 7% share at R16,596 crore of gross NPAs and the next banks being Bank of Baroda and Central Bank of India with 5% share each.
As of December 31, 2013, Bank of Maharashtra posted the largest increase in gross NPAs of 209% at Rs 3,516 crore from Rs 1,138 crore as on March 31, 2013.
United Bank of India reported a 188% jump in gross NPAs at Rs 8,546 crore at end of Q3.
DK Jain, chairman and MD of Atishya Group (the group that owns NPAsource.com) said, The fourth quarter of 2013-14 will continue to be bad for banks on the NPAs front, but most banks will resort to higher levels of provisioning so as to bring down their net NPA levels.