Rise in NPAS in the Banking Sector

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..... Rise in NPAS in the Banking Sector - News and Press Release Dated:- 23-11-2016 - News - The details of Gross Advances, Gross Non-Performing Assets (GNPA)+ Restructured Advances and Gross NPA + Restructured Advances ratio of Scheduled Commercials Banks (SCBs) for last three years are as under: SCHEDULED COMMERCIAL BANKS (Rs. In crore) .....

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..... GROSS ADVANCES GROSS NPA + RESTRUCTURED ADVANCES GNPA + RESTRUCTURED ADVANCES RATIO FY 2014 61,01,775 6,08,967 9.98% FY 2015 66,91,204 7,28,925 10.89% FY 2016 72,7 .....

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..... 3,202 8,32,786 11.45% Main reasons for increase in NPAs of banks are slowdown in recovery in the global economy and continuing uncertainty in the global markets leading to lower exports of various products like textiles, engineering goods, leather, gems, etc. The PSB s continue to be under stress on account of aggressive lending in the past. .....

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..... NITI Aaayog has not moved any proposal to create a bad bank to hold the stresses and non-productive assets and loan recovery of banks. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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..... TaxTMI - TMITax .....

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