450 percent increase in bank losses

 

Everyone knows that the public sector banks in India are not doing well. But, it’s interesting to find that even the private banks are getting unstable. In the last five years private banks have accumulated bad loans, with 450 per cent rise in gross Non-Performing Assets. The NPA during 2013-14 financial year was 19,800 crore. If you think that the figure is too high, then check this out... the pvt sector banks has registered Rs 109,076 crore NPA`s by the the end of March 2018. Interestingly the ICICI which is the major player in private sector topped the list with  54,063 cr.