Bad Loans of Bank Of Baroda, Indian Bank Surge Multi-Fold In 6 Years, Reveals RTI Data

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NPAs of Bank Of Baroda, Indian Bank Surge Multi-Fold In 6 Years, Reveals RTI Data

A Kota-based RTI activist filed the question

Non-performing belongings (NPA) of Bank of Baroda soared greater than six-fold to Rs 73,140 crore whereas these of Indian Bank surged four-times to Rs 32,561.26 crore in six years, in accordance with a Right to Information reply.

The NPA of Bank of Baroda (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI reply confirmed.The quantity of NPA accounts rose from 2,08,035 as on March 31, 2014, to 6,17,306 as of December 2019.

The NPAs of Indian Bank surged from Rs 8,068.05 crore as on March 31, 2014, to Rs 32,561.26 crore as on March 31, 2020. The NPA accounts rose to five,64,816 as on March 31, 2020, from 2,48,921 as on March 31, 2014, in accordance with reply to Right to Information (RTI) queries on quantity of NPA accounts and the entire quantity filed by Kota-based activist Sujeet Swami.

The RTI information additionally confirmed the state-run lenders earned enormous quantity from SMS alert service charges, minimal stability prices, locker prices, debit-credit playing cards service prices, outward, inward, ledger comply with prices, amongst others.

According to the reply, Bank of Baroda collected Rs 107.7 crore by means of SMS alert payment throughout April 1, 2018 to February 29, 2020. Indian Bank collected round Rs 21 crore by means of SMS service payment throughout the identical interval.

Swami stated, “My motive to file RTI was to unearth NPA amounts of two national banks between 2014 to 2020.” He stated he has sought identical info from State Bank of India and Punjab National Bank however they’re but to supply the information.

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