Bad loans of Public sector banks (PSBs) stood at.....by the end of second quarter this fiscal (2017-18), a bulk of which came from corporate defaulters, private sector banks NPAs were considerably low.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Bad loans of Public sector banks (PSBs) stood at____by the end of second quarter this fiscal (2017-18), a bulk of which came from corporate defaulters, private sector banks’ NPAs were considerably low.

A	Rs 17.24 lakh crore
B	Rs 14.12 lakh crore
C	Rs 10.48 lakh crore
D	Rs 7.34 lakh crore

Explanation:

Detailed explanation-1: -At the bank group level, gross NPA ratios of PSBs may swell from 6.5 per cent in September 2022 to 9.4 per cent in September 2023, whereas it will go up from 3.3 per cent to 5.8 per cent for private banks, and from 2.5 per cent to 4.1 per cent for foreign banks, under the severe stress scenario, the RBI said.

Detailed explanation-2: -The story so far: In December 2022, Finance Minister Nirmala Sitharaman told Parliament that banks had written off bad loans worth ₹10, 09, 511 crore during the last five financial years.

Detailed explanation-3: -As per the FSR, banks gross NPA continued to decline and stood at a seven-year low of 5% in September 2022. Meanwhile, the net NPA stood at a ten-year low of 1.3% under which private bankers’ net NPA was below 1%.

Detailed explanation-4: -Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.

There is 1 question to complete.