Public Sector Banks’ NPA up 51% in 2011

Public sector banks’ gross bad debt jumped over 51 per cent to a whopping Rs 1,03,891 crore in 2011, the Minister of State for Finance Mr Namo Narain Meena in Rajya Sabha.

Replying to supplementaries during the Question Hour in the Rajya Sabha, he said the gross Non-Performing Assets (NPAs) of public sector banks has increased from Rs 68,597.09 crore at December 2010 end, to Rs 103,891.27 crore as on December 2011.

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