CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many NPA accounts did PNB puts off for sale to recover dues of Rs 1, 234 crores?
A
21
B
15
C
11
D
8
Explanation: 

Detailed explanation-1: -PNB puts up for sale 11 NPA accounts to recover dues of ₹1,234 crore.

Detailed explanation-2: -PNB tops the list with 10.48 per cent gross NPAs; followed by Central Bank of India and Punjab & Sind Bank (9.67 per cent each), Indian Overseas Bank (8.53 per cent), Bank of India (8.51 per cent) and Union Bank of India (8.45 per cent).

Detailed explanation-3: -Punjab National Bank (PNB) aims to make an overall recovery of ₹32,000 crore this fiscal and is stepping up efforts to rein in net non performing assets (Net NPA) as a percentage of its advances to 3.5 per cent by end March 2023 from about 4.3 per cent now, its MD & CEO Atul Kumar Goel has said.

Detailed explanation-4: -4.8 lakh crores to NPAs. By the end of the 3rd quarter in 2021-22, the new accretion of NPAs amount to Rs. 4.5 lakh crores.

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