NEW DELHI: The executive on Tuesday mentioned 4,387 large borrowers accounted for Rs eight.6 lakh crore or 90 according to cent of general non-performing property (NPAs) of the banking sector at the finish of March 2018.
The NPAs of the banking sector had been Rs nine.62 lakh crore at end-March 2018, up from Rs 2.51 lakh crore as on March 2014, mentioned minister of state for finance Shiv Pratap Shukla in a written reply in the Rajya Sabha.
"The RBI has apprised that as on March 31, 2018, there were 4,387 borrowers with aggregate funded outstanding of Rs 8,59,532 crore related to Non-Performing Assets (NPAs) of more than Rs 10 crore and above outstanding, in respect of scheduled commercial banks," he mentioned while replying to another question.
He additional mentioned as regards details of businesses/defaulting people against whom NPAs of greater than Rs 10 crore and above are pending restoration, the RBI has informed it is prohibited from disclosing credit score knowledge.
Section 45E of the Reserve Bank of India Act, 1934, provides that credit score knowledge submitted via a bank will be handled as confidential and to not be printed or another way disclosed.
Shukla also mentioned that as according to RBI's instructions, cases have been filed under Insolvency and Bankruptcy Code (IBC) prior to the National Company Law Tribunal (NCLT) in appreciate of 39 large defaulters, amounting to about Rs 2.69 lakh crore funded exposure (as of December 2017).
The finance ministry also informed the House that the gross advances of banks greater from Rs 25,03,431 crore as on March 31, 2008 to Rs 68,75,748 crore as on March 31, 2014, as according to the worldwide operations knowledge of the RBI.
It additional mentioned public sector banks (PSBs) initiated cleansing up via recognising NPAs and equipped for anticipated losses.
"As a result of transparent recognition of stressed assets as NPAs, gross non-performing assets (NPAs) of Scheduled Commercial Banks (SCBs) (as per RBI's off-site returns global operations provisional data, as on March 31, 2018), increased to Rs 10,35,528 crore, of which Rs 8,95,601 crore (86.49 per cent) were gross NPAs of PSBs," it mentioned.
The NPAs of the banking sector had been Rs nine.62 lakh crore at end-March 2018, up from Rs 2.51 lakh crore as on March 2014, mentioned minister of state for finance Shiv Pratap Shukla in a written reply in the Rajya Sabha.
"The RBI has apprised that as on March 31, 2018, there were 4,387 borrowers with aggregate funded outstanding of Rs 8,59,532 crore related to Non-Performing Assets (NPAs) of more than Rs 10 crore and above outstanding, in respect of scheduled commercial banks," he mentioned while replying to another question.
He additional mentioned as regards details of businesses/defaulting people against whom NPAs of greater than Rs 10 crore and above are pending restoration, the RBI has informed it is prohibited from disclosing credit score knowledge.
Section 45E of the Reserve Bank of India Act, 1934, provides that credit score knowledge submitted via a bank will be handled as confidential and to not be printed or another way disclosed.
Shukla also mentioned that as according to RBI's instructions, cases have been filed under Insolvency and Bankruptcy Code (IBC) prior to the National Company Law Tribunal (NCLT) in appreciate of 39 large defaulters, amounting to about Rs 2.69 lakh crore funded exposure (as of December 2017).
The finance ministry also informed the House that the gross advances of banks greater from Rs 25,03,431 crore as on March 31, 2008 to Rs 68,75,748 crore as on March 31, 2014, as according to the worldwide operations knowledge of the RBI.
It additional mentioned public sector banks (PSBs) initiated cleansing up via recognising NPAs and equipped for anticipated losses.
"As a result of transparent recognition of stressed assets as NPAs, gross non-performing assets (NPAs) of Scheduled Commercial Banks (SCBs) (as per RBI's off-site returns global operations provisional data, as on March 31, 2018), increased to Rs 10,35,528 crore, of which Rs 8,95,601 crore (86.49 per cent) were gross NPAs of PSBs," it mentioned.
4,387 large borrowers account for 90% of bad loans
![4,387 large borrowers account for 90% of bad loans]()
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July 24, 2018
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