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Public sector banks gross NPA hits 9.83% in FY16; rises to 11.82% by September 2016

Public sector banks gross NPA hits 9.83% in FY16; rises to 11.82% by September 2016

Fri, Feb 03, 2017

For fiscal year 2015-16, the public sector banks had gross advances of Rs 51,04,915 crore, of which Rs 5,02,068 crore (9.83%) was categorised as gross non-performing assets (GNPA), cited Minister of State for Finance Santosh Gangwar in his written reply to Lok Sabha.

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