The Union Finance Minister P Chidambaram has said that top 30 loan defaulters of public sector banks (PSBs) account for more than one-third of total gross non-performing assets (NPAs) of State-run lenders. The Minister told this to the Rajya Sabha on December 10.
According to the Minister, the gross non-performing assets (GNPA) amount of top 30 accounts of public sector banks (PSBs) stood at Rs 72,174 crore, while for all banks it was Rs 91,667 crore at the end of September, 2013.
In case of nationalised banks, top 30 defaulters contributed 43.8 per cent to the GNPA with Rs 55,663 crore.
SBI Group’s GNPAs, comprising SBI and its five associates, were worth Rs 71,620 crore at the end of first quarter of the current fiscal. Top 30 loan defaulters of SBI group, comprising SBI and its five associates, had a loan outstanding of Rs 16,511 crore or 21.7 per cent of the total loan.
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