Tuesday, 26 January 2016

Debt Created by Financial Terrorists in India

  • Total stressed assets in the Indian banking system are estimated to be anywhere between $110 billion. and $161 billion. Gross NPAs of public sector banks sood at Rs 3.14 lakh crore at the end of September 2015. Wilful defaulters owe PSU banks a total of Rs 64,334.59 crore, which adds upto about 21% of the total NPAs.
  • Out of of the total Rs 2,62,402 crore belonged to nationalized banks, Rs 38,209 to the private banks as of December 14.
  • The disparate estimates are because of the various classifications of the loans.
  •  GNPAs (gross non-performing assets ratios) of large borrowers among public sector banks rose from 6.1 per cent in March 2015 to 8.1 per cent in September 2015.
  • According to the FSR report NPAs as a percentage of total net advances have increased to 2.8 per cent in September from 2.5 per in march.
  • PSB are the major culprits with 14.1% of their total assets being stressed, followed by private banks at 4.6% and foreign banks at 3.4%.
  • NPAs of 39 listed banks rose 26.87% to Rs.3.40 trillion for the quarter ended September 2015 from Rs.2.68 trillion same period last year.
  • According to ICRA sum of gross NPAs and restructured assets—in the Indian banking system stood at 11.1% of total advances at the end of the July-September quarter.
  • The gross non-performing assets of at least 17 of the 39 listed banks is more than 5%, six of the banks have GNPAs of more than 7% and one bank (Indian overseas bank) has a GNPA in double digits.
  • NPAs have risen 20% YoY as of September 2015
  • State Bank of India (SBI) had maximum number of wilful defaulters at 1,164 who owed Rs 11,705 crore followed  by Punjab National Bank with 764 wilful defaulters who have defaulted a total of Rs 9,203.84 crore.

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