State Bank of India, country’s largest public sector bank’s non- performing assets (NPAs) in the farm loans segment increased nearly fourfold to Rs 13,545 crore in the first six months of this fiscal against Rs 3,718 crore, during the April-September period of 2010-11.
SBI’s overall NPAs increased to Rs 33,946 crore as on September 30, 2011, from Rs 23,205 crore in the same period last fiscal. The bank has taken a number of initiatives to tackle this situation, including attention to restructuring/ reschedulement of eligible accounts, which are technically viable and economically feasible, and setting up account tracking centers to focus on prevention of probable NPAs slipping into NPAs.
Currently the bank is reviewing all recovery measures, already in vogue and organizing credit cum recovery camps. Involving business correspondents, business facilitators and self help group in recovery of agricultural NPAs and further performance of enforcement agent is being followed up for quick recovery of overdues.
Company Name | CMP |
---|---|
SBI | 820.95 |
Bank Of Baroda | 246.25 |
Canara Bank | 101.10 |
PNB | 101.40 |
Union Bank Of India | 119.20 |
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