PSU banks’ NPA write-offs rise whopping 161% in 4 years of Modi government; check full list

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Updated: August 8, 2018 3:05:15 PM

India's largest lender the State Bank of India (SBI) wrote off highest NPA of Rs 39,151 crore, followed by IDBI Bank (Rs 12,515 crore) and Bank of India (Rs 8,976 crore). 

In 4 years of Modi government, NPA write-offs more than double by PSU banks; check full listBad loan write-offs by Public Sector Banks (PSBs) more than doubled in the last four years

Bad loan write-offs by Public Sector Banks (PSBs) more than doubled in the last four years, data from Parliament papers show. PSU banks wrote off Rs 49,018 crore in the financial year 2014-15, which increased by whopping 161% in the financial year 2017-18 to Rs 1,28,229 crore, data provided by Minister of State for Finance, Shiv Pratap Shukla, in the Rajya Sabha showed.

India’s largest lender the State Bank of India (SBI) wrote off Rs 39,151 crore in FY17-18, followed by IDBI Bank (Rs 12,515 crore) and Bank of India (Rs 8,976 crore). The NPA write-offs for agriculture and allied services were Rs 7,091 core in FY16-17 and Rs 10,345 crore in FY17-18, data showed.

“The amounts written off during recent financial years are substantially on account of such stressed loan accounts of earlier years” Shiv Pratap Shukla, adding that high incidence of non-performing assets (NPAs) was revealed when Asset Quality Review (AQR) carried-out in 2015. He also stated that loan write-offs do not benefit the borrower and the recovery of dues continue even after the process.

Full list of NPAs written off by PSU Banks

BANKFY14-15FY15-16FY16-17FY17-18
ALLAHABAD BANK2,1092,1262,4423,635
ANDHRA BANK1,1248141,6231,666
BANK OF BARODA1,5631,5544,3484,948
BANK OF INDIA8662,3747,3468,976
BANK OF MAHARASHTRA2649031,3742,460
BHARATIYA MAHILA BANK LTD.0000
CANARA BANK1,4723,3875,5458,310
CENTRAL BANK OF INDIA1,3861,3342,3962,924
CORPORATION BANK7792,4953,5748,228
DENA BANK515760833661
IDBI BANK LIMITED1,6095,4592,86812,515
INDIAN BANK5509264371,606
INDIAN OVERSEAS BANK2,0872,0673,0666,908
ORIENTAL BANK OF COMMERCE9251,6682,3086,357
PUNJAB AND SIND BANK263335491460
PUNJAB NATIONAL BANK5,9966,4859,2057,407
STATE BANK OF BIKANER AND JAIPUR3636431,560
STATE BANK OF HYDERABAD3551,2041,430
STATE BANK OF INDIA21,30315,95520,33939,151
STATE BANK OF INDORE
STATE BANK OF MYSORE740588161
STATE BANK OF PATIALA7551,1563,528
STATE BANK OF TRAVANCORE456398556
SYNDICATE BANK1,0551,4301,2712,400
UCO BANK01,5731,9372,735
UNION BANK OF INDIA9317921,2643,477
UNITED BANK OF INDIA7616497141,867
VIJAYA BANK7915101,0681,539
Public Sector Banks49,01857,58581,6831,28,229

 

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