Gross NPAs of SCBs decline to Rs7.5 lakh cr in Q3FY21
Gross NPAs of SCBs decline to Rs7.5 lakh cr in Q3FY21
BusinessToday.In
- Mar 26, 2021,
- Updated Mar 26, 2021 9:43 AM IST
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The gross NPAs of PSBs contracted between December 2018 and December 2020. Among PSBs, the State Bank of India (SBI) which accounts for the highest share at around 20% of the GNPAs in Q3FY21 reported the highest asset quality improvement.
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Gross NPA of private banks decreased to Rs 1.7 lakh crore in December quarter of 2020 from Rs 2.2 lakh crore in December quarter of 2019.
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The GNPA ratio of SCBs improved to 7% in the quarter ended December 2020 against 9.3% in the year-ago period and 7.7% in the September-end quarter which was largely driven by PSBs.
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PSBs accounting for around 78% share of GNPAs of SCBs have experienced a drop in the GNPA ratio to 8.7% in the quarter ended December 2020 against 11.3% in the year-ago period.
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GNPA ratio of PVBs declined to 4.2 % in Q3 FY21 as compared to 5.9 % in Q3 FY20 and 5.6% in Q3 FY2019.
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On an overall basis, PSBs accounting for around 78% share of GNPAs of SCBs have experienced a drop in the GNPA ratio to 8.7% in the quarter ended December 2020 against 11.3% in the year-ago period. SHIVANI SHARMA, MOHSIN SHAIKH