he gross NPA of banks has risen to 9.6 per cent (of total advances) in March 2017, from 9.2 per cent in September 2016, as per the RBI data.
Despite a series of steps to contain non-performing assets (NPAs), public sector banks (PSBs) wrote off a record Rs 81,683 crore worth of bad loans in the financial year ended March 2017, a jump of more than 41 per cent over the previous years write-off amount of Rs 57,586 crore, as per the finance ministry data.
Even as the amount of loans written off has been rising steadily in the past five years, their combined profitability deteriorated …
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