Government completed NPA recovery of Rs 1,23,299 crore in FY23-24, says Finance Minister Nirmala Sitharaman

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Speaking astir non-performing plus (NPA) cases successful India, concern curate Nirmala Sitharaman said successful Parliament connected Monday that the cardinal authorities has completed the betterment of Rs 1,23,299 crore from NPAs during the fiscal twelvemonth 2023-24.

She said that successful 2002-23, arsenic overmuch arsenic Rs 1,59,787 crore had been recovered from NPAs.

The gross NPA arsenic connected March 31, 2024, for State Bank of India (SBI) was Rs 84,276 crore, portion for Punjab National Bank (PNB), it was Rs 56,343 crore.

Meanwhile, astatine Rs 18,317 crore, PNB tops the database of the banks with the highest indebtedness written disconnected by scheduled commercialized banks successful FY 23-24.

Union Bank of India stands 2nd successful the aforesaid database with written-off loans worthy Rs 18,264 crore.

SBI wrote disconnected loans of Rs 16,161 crore successful the aforesaid period.

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