New Delhi,
\nThe country\u2019s largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective<\/p>\n
write off of Rs 81,683 crore for the fiscal.<\/p>\n
The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.<\/p>\n
Public sector banks’ (PSBs) write-off stood at Rs 27,231 crore in 2012-13, government data showed.<\/p>\n
The figure has jumped nearly three-fold in five years.<\/p>\n
In 2013-14, the state-owned banks wrote off bad loans worth Rs 34,409 crore; Rs 49,018 crore in 2014-15; Rs 57,585 crore in 2015-16 and hitting Rs 81,683<\/p>\n
in the fiscal ended March 2017.<\/p>\n
Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and<\/p>\n
Bank of Baroda (Rs 4,348 crore).<\/p>\n
In the current financial year, PSBs have written off loans worth Rs 53,625 crore in the six months to September.<\/p>\n
As per data from the Reserve Bank, nine public sector banks, out of the total 21, had gross non-performing asset ratio of above 15 per cent (the percentage of<\/p>\n
bad loans in terms of total loans outstanding) as of September 30, 2017.<\/p>\n
Fourteen PSBs have gross non-performing asset ratio of over 12 per cent.<\/p>\n
PSBs are faced with mounting non-performing assets (NPAs) or bad loans, putting the financial sector under stress.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi, The country\u2019s largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. The data pertains to the period when the associate banks of State Bank of India (SBI) were […]<\/p>\n","protected":false},"author":1,"featured_media":21691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-21690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=21690"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21690\/revisions"}],"predecessor-version":[{"id":21692,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21690\/revisions\/21692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/21691"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=21690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=21690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=21690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}