NPA mounts up in PSU banks
There were 7,686 willful
defaulters in India as of December 2015, as reviled by Ministry for State for
Finance Jayant Singha in Rajya Sabha. Top 100 NPA with PSB is 1.73 lakh core as
of December 2015. Total defaulters rose from 5,554 to 7,686 in three years to
December 2015 while the amount involved more than doubled to 66,190 core from
27,749 core.
In term of gross NPA State
Bank of India comes top with Rs 72,291 crore and is followed by Bank of Baroda
withRs 38,934 crore. Other banks with significant NPA are Punjab National Bank,
Indian Overseas Bank, IDBI Bank, Canara Bank, Union Bank, Central Bank, UCO Bank and Corporation Bank.
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