Gross NPAs of SCBs decline to Rs7.5 lakh cr in Q3FY21

The gross NPAs of PSBs contracted between December 2018 and December 2020. Among PSBs, the State Bank of India (SBI) which accounts for the highest share at around 20% of the GNPAs in Q3FY21 reported the highest asset quality improvement.

Gross NPA of private banks decreased to Rs 1.7 lakh crore in December quarter of 2020 from Rs 2.2 lakh crore in December quarter of 2019.  

The GNPA ratio of SCBs improved to 7% in the quarter ended December 2020 against 9.3% in the year-ago period and 7.7% in the September-end quarter which was largely driven by PSBs.

PSBs accounting for around 78% share of GNPAs of SCBs have experienced a drop in the GNPA ratio to 8.7% in the quarter ended December 2020 against 11.3% in the year-ago period.

GNPA ratio of PVBs declined to 4.2 % in Q3 FY21 as compared to 5.9 % in Q3 FY20 and 5.6% in Q3 FY2019.  

On an overall basis, PSBs accounting for around 78% share of GNPAs of SCBs have experienced a drop in the GNPA ratio to 8.7% in the quarter ended December 2020 against 11.3% in the year-ago period.

SHIVANI SHARMA, MOHSIN SHAIKH