Rs3.79 trn provisioning for stressed loans: PSBs

Nearly twice the provisions made in preceding 10 years, the Public sector banks made an upfront provision of Rs 3.79 trillion between March 2014 and June 2017 towards stressed loans.

In a written reply to the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla mentioned that due to the Asset Quality Review and transparent recognition of restructured loans as non-performing assets, the public sector banks’ (PSBs) gross NPAs increased by over Rs 4.54 trillion between March 2015 and June 2017.