Non-performing assets of state-owned banks have increased marginally to 2.31 per cent as on March 2011, over the previous fiscal, Parliament was informed.
"The ratio of Gross Non-Performing Assets (NPAs) to Gross advances of public sector banks, including State bank of India, slightly increased from 2.27 per cent as on March 31, 2010, to 2.31 per cent as on March 31, 2011," Minister of State for Finance Namo Narain Meena told Rajya Sabha in a written reply.
He added that while there has been an increase in the Gross NPAs in absolute terms, the same have recorded lower growth of 24 per cent during the year 2010-11 as compared to 30 per cent during the year 2009-10.
Meena further said that the government has taken a number of measures to improve the health of financial sector, to reduce the NPAs, to improve asset quality of the banks and to create a good recovery climate.
The steps include, "prescribing prudential norms for provisioning and classification of NPAs, guidelines for prevention of slippages, corporate debt restructuring and other restructuring schemes," he said.
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