The Union Government has announced that the gross non-performing assets (NPAs) of the Public sector banks (PSBs) have touched around uline{1cm} in the three months period from July to September 2016.

2016

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

The Union Government has announced that the gross non-performing assets (NPAs) of the Public sector banks (PSBs) have touched around _________ in the three months period from July to September 2016.

A	45 lakh
B	66 lakh
C	50 lakh
D	34 lakh

Explanation:

Detailed explanation-1: -The rise in profitability that aided banks to improve their provisions has resulted in net non-performing assets (NPAs) to net advances ratio falling to 1.3 per cent in September 2022 – the lowest in 10 years-the Reserve Bank of India’s (RBI’s) Financial Stability Report said.

Detailed explanation-2: -The Gross NPAs of these banks in 2014-15 was Rs. 33.7 thousand crores. By 2017-18, it nearly quadrupled to Rs. 1.2 lakh crores.

Detailed explanation-3: -As per the Reserve Bank of India (RBI), the Gross Non-Performing Assets (GNPA) ratio, which declined to a seven-year low of 5% in September 2022, is expected to improve further to 4.9% by September 2023.

Detailed explanation-4: -Banks classify NPAs as doubtful assets, substandard assets, loss assets, based on the period and the amount of payment overdue. Financial lenders can recover their losses by selling out the NPA or taking its possession.

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