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TMI BlogProfit, losses, GNPAs of Public Sector BanksX X X X Extracts X X X X X X X X Extracts X X X X ..... Profit, losses, GNPAs of Public Sector Banks - News and Press Release Dated:- 24-7-2018 - News - Ministry of Finance Posted On: 24 JUL 2018 4:06PM by PIB Delhi Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red loans, were reclassified as NPAs and provided for. PSBs initiated cleaning-up by recognising NPAs and provided for expected losses. The gross NPA ratio for Public Sector Banks (PSBs) as a category is 14.6% in the financial year (FY) 2017-18, as per Reserve Bank of India (RBI) data. In the last 25 financial years, the gross NPA ratio for PSBs was highest in FY 1993-94 at 24.8% and was also high ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er in six other financial years. Bank-wise details of gross NPAs as of March 2018, and operating profit, provision done and net profit/loss in FY 2017-18, are given below. Amounts in crore Rs . S. No. Bank As on 31.3.2018 * FY 2017-1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 ** Gross NPA ratio (%) Operating profit Provisioning done Net profit (amounts with a minus sign are losses) *** 1 Allahabad Bank 16.0 3,438 8,113 -4,674 2 Andhra Bank 17. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 5,361 8,774 -3,413 3 Bank of Baroda 12.3 12,006 14,437 -2,432 4 Bank of India 16.6 7,139 13,183 -6,044 5 Bank of Mahara ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shtra 19.5 2,191 3,337 -1,146 6 Canara Bank 11.8 9,548 13,770 -4,222 7 Central Bank of India 21.5 2,733 7,838 -5,105 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Corporation Bank 17.4 3,950 8,004 -4,054 9 Dena Bank 22.0 1,171 3,094 -1,923 10 IDBI Bank Limited 28.0 7,905 16,142 -8,238 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 Indian Bank 7.4 5,001 3,742 1,259 12 Indian Overseas Bank 25.3 3,629 9,929 -6,299 13 Oriental Bank of Commerce 17.6 3,703 9,57 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 -5,872 14 Punjab Sind Bank 11.2 1,145 1,889 -744 15 Punjab National Bank 18.4 10,294 22,577 -12,283 16 State Bank of India 10.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 59,511 66,058 -6,547 17 Syndicate Bank 11.5 3,864 7,087 -3,223 18 UCO Bank 24.6 1,334 5,771 -4,436 19 Union Bank of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15.7 7,540 12,787 -5,247 20 United Bank of India 24.1 1,025 2,479 -1,454 21 Vijaya Bank 6.3 3,098 2,371 727 Sources: * RBI (globa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l operations, provisional data for Mar-2018) ** Banks ***While banks have posted operating profits, their net losses are primarily on account of continuing ageing provision for NPAs recognised as a result of AQR initiated in 2015 and subsequent transparent recognition by banks. This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ajya Sabha today. **** DSM/RM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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