:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

BAD LOANS ON THE RISE IN SMALL-SCALE INDUSTRIES

Small-scale industries were the highest contributors to priority sector non-performing assets (NPA) of banks, according to data released by the Reserve Bank of India for the financial year 2009-10.

NPAs arising out of the small scale industries grew by 65 per cent to Rs 12,975 crore in 2009-10 as against Rs 7,874 crore in previous fiscal.

For public sector banks, NPAs from small-scale industries grew by 65 per cent to Rs 11,537 crore (Rs 6,984 crore) as of end-March 2010. The increase was even higher in private sector banks. Small scale industries' NPAs grew by 70 per cent for private sector banks at Rs 1,139 crore (Rs 670 crore).

State Bank of India (Rs 2,168 crore), Punjab National Bank (Rs 1,165 crore) and Bank of India (Rs 1,360 crore) had the maximum NPAs arising out of the small scale industries. In percentage terms, NPAs from the small scale industries were highest for Central Bank of India (37.5 per cent), Union Bank of India (33.6 per cent) and Punjab National Bank (36.3 per cent), the RBI report on trends and progress for 2009-10, released on Monday showed.

Among the private sector banks, HDFC Bank, Federal Bank and Axis Bank had the maximum number of NPAs from small scale industries.

NPAs arising out agricultural loans grew by 45 per cent in the financial year 2009-10 for banks. The figure grew to Rs 10,353 crore as against Rs 7,149 crore in the previous fiscal.
The agricultural NPAs for public sector banks grew to Rs 8,330 (Rs 5,708 crore) as end-March 2010, a growth of almost 46 per cent. SBI, Punjab National Bank and Bank of Baroda saw a jump in their NPAs from this segment. For the private sector banks, agricultural NPAs grew by 40 per cent to Rs 2,023 crore (Rs 1,441 crore).

The total priority sector NPAs for the fiscal 2009-10 went up by 29 per cent to Rs 36,810 crore as against Rs 28,607 crore in the previous fiscal. Total non-priority NPAs rose by 14 per cent to Rs 44,477 crore as against Rs 38,929 crore. However, non-priority NPAs for private and foreign banks went down during the fiscal.

Posted by C.B.O.A., A.P.

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)