Top 30 loan defaulters of the public sector banks account for one-third of the total gross non-performing assets of state-run lenders, according to the Reserve Bank data. The gross non-performing assets (GNPA) amount of top 30 accounts of public sector banks (PSBs) stood at Rs 63,671 crore at the end of June 2013. The total GNPA outstanding of 26 PSBs was Rs 1,82,829 crore. Thus the top 30 accounted for 34.83 per cent of total gross bad loans. In case of nationalised banks, top 30 defaulters contributed 43.5 per cent to the GNPA with Rs 48,406 crore. The combined GNPA of 19 nationalised stood at Rs 1,11,209 crore. The GNPAs of SBI Group, 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 had a loan outstanding of Rs 15,266 crore or 21.3 per cent of the total loan. Punjab & Sind Bank tops the chart with 62.53 per cent of GNPA is contributed by top 30 loan defaulters. Punjab & Sind Bank is followed by State Bank of Hyderabad with 57.50 per cent, Vijaya Bank with 53.64 per cent and Corporation Bank with 53.40 per cent.
Read more >> Click here
