NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data

[ad_1]

NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data
Image Source : PTI

NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data

Non-performing property 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 overall quantity filed by Kota-based activist Sujeet Swami.

The RTI data additionally confirmed the state-run lenders earned big quantity from SMS alert service charges, minimal steadiness fees, locker fees, debit-credit playing cards service fees, outward, inward, ledger comply with fees, amongst others. According to the reply, Bank of Baroda collected Rs 107.7 crore via SMS alert price throughout April 1, 2018 to February 29, 2020. Indian Bank collected round Rs 21 crore via SMS service price throughout the identical interval.

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

Latest Business News

Fight against Coronavirus: Full coverage



[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here