The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Indian public sector banks' reduce their net non-performing assets.

Indian public sector banks' reduce their net non-performing assets. The Financial Times reported that most of India's 26 public sector banks (PSBs) are implementing various recovery schemes in an effort to reduce their net non-performing assets (NNPAs). The NNPAs of the PSBs declined to INR 130.88bn in H1/2006-07 (April-September), a y/y decline of 10.42% from INR 146.11bn in the corresponding period last year. The gross NPAs also decreased by 12.3% y/y to INR 397.32bn. The average NNPAs to net advances ratio declined to 1.03% in H1/2006-07 from 1.53% in the corresponding period of 2005. Title: India, Net non-performing assets – Apr – Sept 2006 Ratio of NNPAs Top five banks Apr- Sept-2005 Apr- Sept-2006 Dena Bank 3.92% 2.89% Central Bank 2.79% 2.22% UCO Bank 2.62% 2.02% United Bank 2.44% 2.44% SB of Indore 1.32% 1.82% Source: RBI

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree