Press Information Bureau

Government of India

Ministry of Finance

09-August-2011 17:30 IST

Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011

The Gross Non-performing Assets (NPA) of Public Sector Banks (PSBs) for the period ending March, 2011 stood at Rs. 71,047 crore.

The Gross NPA of State Bank of India for the period ending March, 2011 was Rs. 23,074 crore which constitutes 32% of total Gross NPAs of the PSBs.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Rajya Sabha today.

DSM/PM

Gross non-performing assets signal concentrated asset quality pressures in public sector banks following official disclosure to the legislature. Gross non-performing assets in the public banking sector were reported for the year ending 31 March 2011, with the aggregate Gross NPA of Public Sector Banks and a single large national lender accounting for a substantial share of that aggregate, reflecting concentration of impaired assets and disclosure to the legislature.