As per provisional data received from the Reserve Bank of India (RBI), the Gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) as on 30th June 2013 was Rs. 1,76,009 crore. The Gross NPAs of PSBs were Rs. 1, 12,489 crore in March 2012 and Rs. 1, 55,890 crore in March, 2013.

Although the Non-Performing Assets (NPAs) of the bank has shown a rising trend, the position is continuously and closely being monitored by the Bank and there is no cause for alarm. The stress on the asset quality is a reflection of the stress in the economy of the country.

The details of recovery made by PSBs through suit filed cases, as available with RBI, are as under:

Amt. in Rs. Crore)

This was stated by Shri Namo Narain Meena, MoS in the Ministry of Finance in written reply to a question in the Rajya Sabha.

Non-performing assets increase signals asset quality stress and ongoing central bank monitoring with low suit-based recovery rates. Gross Non-Performing Assets of Public Sector Banks rose through June 2013, linked to broader economic stress and under continuous monitoring by the Reserve Bank of India; suit-filed recoveries increased in amount but yielded low and declining recovery percentages, indicating limited effectiveness of litigation-based recovery as reported in a Ministry of Finance parliamentary reply.