Public sector banks' bad loans rose more than 200% in 3 yrs: Govt
NPAs (non-performing assets) of the banks have increased during the last few years. Gross NPAs of the public sector banks increased from Rs 71,080 crore in 2011 to Rs 2,16,739 crore as on March 31, 2014, Minister of State for Finance Jayant Sinha said in a written reply in Rajya Sabha.
New Delhi Last Updated: February 24, 2015 | 20:34 IST
Earlier this year, the government had organised a confluence of PSU banks in Pune to discuss about on banks' differential strategic funds, capacity building, technology enabled transformation and strengthening risk management among others.