Gross NPAs declines to Rs 7.73 lakh cr as of Dec 2021

The government informed the Rajya Sabha on Tuesday that gross non-performing assets (NPAs) have decreased to Rs 7.73 lakh crore as of December 31, 2021, from Rs 10.36 lakh crore as of March 31, 2018, thanks to transparent acknowledgment of stressed assets.

The country-wise percentage of non-performing loans to total gross loans is published on the International Monetary Fund's website under its Finance Sound Indicator database, according to Finance Minister Nirmala Sitharaman, based on inputs obtained from the Reserve Bank of India (RBI). "It was observed that India's ratio contrasted poorly to those of the United States, the United Kingdom, and China, while information on Japan is not accessible," the minister stated.

"Gross NPAs of SCBs peaked at Rs 10,36,187 crore (gross NPA ratio of 11.8 percent) on March 31, 2018, from Rs 3,23,464 crore (Gross NPA ratio of 4.28 percent) on March 31, 2015, and have since declined to Rs 8,35,051 crore (Gross NPA ratio of 7.33 percent) on March 31, 2021, and further to Rs 7,73,464 crore (Gross NPA ratio of 7.33 percent).

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