GROSS NPA OF PSU BANKS SHOWED A DECLINING TREND IN 5 YEARS: FINMIN

FY 2023-24, Rs 1,70,269 crore written off, with Rs 44,893 crore recovered

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In response to an unstarred question from Randeep Singh Surjewala, the Ministry of Finance, represented by Minister of State Pankaj Chaudhary, provided a detailed report on the status of Non-Performing Assets (NPAs) held by Scheduled Commercial Banks (SCBs) over the past five years The report, presented in the Rajya Sabha, highlighted the trends in NPAs, factors contributing to their rise, and the measures taken for recovery.

According to data from the Reserve Bank of India (RBI), the gross NPAs (GNPA) of SCBs have shown a declining trend over the past five years As of March 31, 2020, the GNPA stood at Rs 8,96,082 crore, with GNPA ratio of 8.21 per cent. By March 31, 2021, this figure had decreased to Rs 8,35,051 crore (GNPA ratio of 7.33 per cent), and further down to Rs 7,42,397 crore (GNPA ratio of 5.82 per cent) by March 31, 2022.

The trend continued with GNPA reducing to Rs 5,71,544 crore (GNPA ratio of 3.87 per cent) as of March 31, 2023, and Rs 4,80,687 crore (GNPA ratio of 2.75 per cent) by March 31, 2024 (provisional data).