Banking sector NPAs inflate by 32% in FY18

Non Performing Assets

NPAsNon Performing Assets in the banking sector has inflated by 32 percent and reached to Rs 3.46 lakh crore in Financial Year 2018-19, in absolute terms.

The 20 banks that declared their earnings for the March quarter reported a collective rise to 8.32 per cent in terms of their NPAs, reported CARE Ratings.

Out of the 20 banks, 11 belong to the private sector and 9 were public lenders. Their collective NPAs constituted 7.17 percent of their loans, at the end of March last year.

The share of NPA ratio, increased for all banks except Yes Bank and Kotak Mahindra Bank in the private sector, and Vijaya Bank and Indian Bank within the state-owned ones. Axis Bank reported the highest rise in terms of NPA ratio in private sector.

The banks that reported rise in NPA ratio over the last year were UCO Bank (7.52 percent of total loans), Dena Bank (5.77 percent), Union Bank (4.56 percent), Oriental Bank of Commerce (3.90 percent), Allahabad Bank (2.87 percent) and Bank of Maharashtra (2.55 percent).

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.