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

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

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). 

By: | Updated: August 8, 2018 3:05 PM
In 4 years of Modi government, NPA write-offs more than double by PSU banks; check full list Bad 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

BANK FY14-15 FY15-16 FY16-17 FY17-18
ALLAHABAD BANK 2,109 2,126 2,442 3,635
ANDHRA BANK 1,124 814 1,623 1,666
BANK OF BARODA 1,563 1,554 4,348 4,948
BANK OF INDIA 866 2,374 7,346 8,976
BANK OF MAHARASHTRA 264 903 1,374 2,460
BHARATIYA MAHILA BANK LTD. 0 0 0 0
CANARA BANK 1,472 3,387 5,545 8,310
CENTRAL BANK OF INDIA 1,386 1,334 2,396 2,924
CORPORATION BANK 779 2,495 3,574 8,228
DENA BANK 515 760 833 661
IDBI BANK LIMITED 1,609 5,459 2,868 12,515
INDIAN BANK 550 926 437 1,606
INDIAN OVERSEAS BANK 2,087 2,067 3,066 6,908
ORIENTAL BANK OF COMMERCE 925 1,668 2,308 6,357
PUNJAB AND SIND BANK 263 335 491 460
PUNJAB NATIONAL BANK 5,996 6,485 9,205 7,407
STATE BANK OF BIKANER AND JAIPUR 363 643 1,560
STATE BANK OF HYDERABAD 355 1,204 1,430
STATE BANK OF INDIA 21,303 15,955 20,339 39,151
STATE BANK OF INDORE
STATE BANK OF MYSORE 740 588 161
STATE BANK OF PATIALA 755 1,156 3,528
STATE BANK OF TRAVANCORE 456 398 556
SYNDICATE BANK 1,055 1,430 1,271 2,400
UCO BANK 0 1,573 1,937 2,735
UNION BANK OF INDIA 931 792 1,264 3,477
UNITED BANK OF INDIA 761 649 714 1,867
VIJAYA BANK 791 510 1,068 1,539
Public Sector Banks 49,018 57,585 81,683 1,28,229

 

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