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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 1/4
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Niti Kiran New Delhi Last Updated: December 10, 2019 | 21:45 IST
Gross NPA of scheduled commercialbanks declines 7.5% in H1FY20: ReportThe growth in GNPA has been moderating for SCBs at an overall level given the reduction inthe slippages of the PSBs and the loan write offs
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The Gross NPA of public sector banks (PSBs) which account for around 80 per cent of SCBs' GNPA, registered acontraction of 10 per cent, as of September 2019
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The Gross NPA of scheduled commercial banks (SCBs) hasdeclined by 7.5 per cent at the end of H1FY20 compared todouble-digit growth of 18.9 per cent in September 2018. ACARE Ratings study of 37 SCBs as of November 14, 2019 (18public sector banks and 19 private sector banks) reveals thatbad loans of the SCBs declined from Rs 10.18 lakh crore as ofMarch 31, 2018, to Rs 8.94 lakh crore, a year later, primarilydue to gradual reduction of incremental slippages, recoveries insome large NPAs and writing-off of NPA loans. "The banks hadwitnessed a rise in their GNPA levels in March 2018, after theFebruary 12, 2018 circular of the RBI which redefined thenorms for recognition and restructuring of the stressed assets,"the report added. It was marginally lower at Rs 9.18 lakh croreat the end of H1FY20, on a sequential basis.
The Gross NPA of public sector banks (PSBs) which account foraround 80 per cent of SCBs' GNPA, registered a contraction of10 per cent, as of September 2019, compared to a rise of 18.4per cent in the corresponding period the previous year. ThePSBs have been conservative in deploying credit on account ofthe PCA Framework which laid restrictions on their lending tovulnerable sectors. As of November 30, 2018, 11 PSBs were
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 2/4
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Tags: Gross NPA Of Scheduled Commercial Banks | Gross NPA Of SCBs | Public Sector Banks |Private Sector Banks | Bad Loan | GNPA Levels | CARE Ratings
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under the PCA; there are 4 PSBs under the framework atpresent.
However, unlike the PSBs who has been recording aconsiderable decline in their GNPA since March 2019, theprivate lenders have been recording growth in their slippagespost March 2019 on account of exposure to entities withsolvency issues. This measure grew by 3.3 per cent as of
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 3/4
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 4/4
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ECONOMY CORPORATE MARKETS MONEY INDUSTRY TECH OPINION PHOTOS VIDEOS MAGAZINE
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