Speedy Recovery of Non-Performing Assets (NPAs) of Public Sector Banks (PSBs)
Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) as on September, 2016 stands at Rs.5,89,502 Crore (11.82%).
During FY 2015 and FY 2016 PSBs made total NPA recoveries of Rs.42,542 Crore and Rs.39,986 Crore, respectively. The bank-wise details of recovery of NPAs due to actual recoveries in the PSBs during the last two years as per Table below. Based on above data it is observed that PSBs recorded only a moderate decline of Rs. 2,556 Crore in NPA recoveries.
The Government has taken sector specific measures (Infrastructure, Power, Road, textiles, Steel etc.) where incidence of NPA is high. The Insolvency and Bankruptcy code (IBC) has been enacted and Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) and The Recovery of Debts due to Banks and Financial Institutions (RDDBFI) Act have been amended to improve resolution/recovery of bank loans. Six new Debt Recovery Tribunals (DRTs) have been established for improving recovery. RBI has provided a number of tools in this regard- Corporate Debt Restructuring (CDR), Formation of Joint Lenders’ Forum (JLF), Flexible Structuring for long term project loans to Infrastructure and Core industries (5/25 Scheme), Strategic Debt Restructuring Scheme (SDR) and Sustainable Structuring of Stressed Assets (S4A).
| ANNEX | ||
| NPA REDUCTION DATA FOR PUBLIC SECTOR BANKS | ||
| (Rs. In Crore) | ||
| Bank Name | Total reduction in NPAs- due to actual recoveries during the FY | |
| 2015 | 2016 | |
| Allahabad Bank | 827 | 2,465 |
| Andhra Bank | 1,156 | 729 |
| Bank of Baroda | 1,295 | 1,347 |
| Bank of India | 2,798 | 3,153 |
| Bank of Maharashtra | 430 | 645 |
| Bharatiya Mahila Bank Ltd. | – | – |
| Canara Bank | 1,871 | 1,260 |
| Central Bank of India | 3,430 | 3,087 |
| Corporation Bank | 318 | 477 |
| Dena Bank | 595 | 728 |
| IDBI Bank Limited | 1,149 | 840 |
| Indian Bank | 525 | 513 |
| Indian Overseas Bank | 2,342 | 1,784 |
| Oriental Bank of Commerce | 1,010 | 1,149 |
| Punjab & Sind Bank | 190 | 217 |
| Punjab National Bank | 4,220 | 6,001 |
| Syndicate Bank | 1,071 | 1,248 |
| UCO Bank | 1,629 | 1,369 |
| Union Bank of India | 1,125 | 844 |
| United Bank of India | 1,237 | 1,095 |
| Vijaya Bank | 646 | 288 |
| Nationalised Banks | 27,864 | 29,239 |
| State Bank of Bikaner & Jaipur | 575 | 756 |
| State Bank of Hyderabad | 1,981 | 2,503 |
| State Bank of India | 8,500 | 4,119 |
| State Bank of Mysore | 1,014 | 490 |
| State Bank of Patiala | 1,411 | 1,405 |
| State Bank of Travancore | 1,197 | 1,474 |
| SBI Group | 14,678 | 10,747 |
| Public Sector Banks | 42,542 | 39,986 |
| Source: RBI | ||
This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.