NEWS & ADVICE : HOME LOANS
51% increase in bad loans of listed banks in FY13
By Joseph Samson
May 27, 2013
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According to the Ahmedabad based portal-NPASource.com, higher provisioning by 39 listed banks in the fourth quarter of the previous fiscal led to less than one per cent increase in net non-performing assets (NPAs), however, for the full fiscal year net NPAs increased by 51 per cent to Rs 92,825 crore.

The portal also said that bad loans of these banks increased by 0.8 per cent to Rs 750 crore only in Q4FY13.

As on December 31, 2012, net NPAs of 39 listed banks stood at Rs 92,075 crore, which increased to Rs 92,825 crore as on March 31, 2013.

But, for the full year which ended on March 31, 2013, the net NPAs stood at Rs 92,825 crore which were higher by 51.2 per cent for these banks as against Rs 61,381 crore as of the end of FY12.

Out of the total 40 listed banks, 39 have declared results so far, eight of which reported more than Rs 100 crore reductions in net NPAs during the fourth quarter.

These eight banks together accounted for a drop of Rs 5,645 crore in net NPAs during Q4. State Bank of India reported the biggest drop of around Rs 3,400 crore during the fourth quarter.


 


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