Banks' bad loans soar by 86% in first half
Among the major banks, the banks that have seen lowest increase of about six per cent in their NPA levels include ICICI Bank and HDFC Bank.
On the other hand, public-sector banking giant SBI has seen its gross NPA grow by about 24 per cent to over Rs 49,000 crore so far in 2012-13, while that of PNB has grown by 60.8 per cent to Rs 14,000 crore.
Interestingly, SBI alone accounts for nearly one-third of the gross NPA of all listed banks put together.
Among major banks, SBI's gross NPA ratio (as a percentage of total advances) has risen to 5.15 per cent from 4.44 per cent so far in the current fiscal. ICICI Bank's gross NPA ratio in the same period has fallen from 3.62 per cent to 3.54 per cent, but still remains high.
PNB's gross NPA ratio has risen sharply from 2.93 per cent to 4.66 per cent, while that of HDFC Bank has come down from 1.02 per cent to 0.91 per cent.
The banking system also witnessed a rise in restructured asset in sync with the increasing NPA level in the system.
A total of 101 cases have been referred for Corporate Debt Restructuring (CDR) in calendar year 2012 as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers.
RBI had helped set up CDR system in 2001 to help the corporates facing financial difficulties