Indian banks with highest NPAs, SBI tops

Banks, say analysts, will be able to recover only half their NPAs due to the current economic depression.

Rs 2,060,000,000,000.

That shocking figure of Rs 2.06 trillion, is the gross non-performing assets (advances gone bad) of Indian banks.

By the end of June 2013, 3.85 per cent of the banks’ advances to the industry were non performing assets (NPAs).

Alarm bells started ringing when State Bank of India, the largest bank in India, declared that its NPAs had crossed the 5 per cent mark.

Given the size of SBI, that is a huge figure. Some other banks have performed worse in terms of percentages, though given their smaller size, the absolute number is lower.

India’s Rs 80 trillion banking industry is under severe stress and analysts warn that banks will be able to recover only half their NPAs due to the current economic depression.

However, the he silver lining is profits in most banks are rising and retail segment NPAs are coming down.

Two banks whose gross NPA as a percentage of their gross advances places them among the worst performers are the State Bank of Mysore (5.61%) and UCO Bank (5.58%). But since the absolute figure is on the lower side, they do not figure in the list.

Take a look at some Indian banks with the highest NPAs…

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State Bank of India

Gross NPAs: Rs 60,891.45 crore

The largest Indian commercial bank also has the largest gross NPA at a whopping Rs 60,891.45 crore (Rs 608.91 billion), at 5.56 per cent of advances.

Just three months ago, it was just Rs 51,189.39 crore (Rs 511.89 billion), showing a rise Rs 9,700 crore (Rs 97 billion) or 19%. 

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Punjab National Bank

Gross NPAs: Rs 15,090.63 crore

Punjab National Bank, India’s second largest public sector bank till March 2013 (now third largest), saw its NPA surge to Rs 15,090.63 crore (Rs 150.90 billion) on 30 June 3013, up from Rs 13,465.79 crore (Rs 134.65 billion) just three months ago.

A year ago, on June 2012, the bank’s NPA stood at Rs 9,988.17 crore (Rs 99.88 billion). On a percentage basis, the current NPA is 4.84 per cent of gross advances.

According to analysts, more than half of the NPAs came from the bank’s exposure to the gem and jewellery sector.

Incidentally, PNB’s shares hit a four-year low to Rs 584.4 on 12 July, when the company’s results were announced.

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Central Bank of India

Gross NPAs: Rs 10,530 crore

Central Bank has the highest NPA in terms of percentage of advances at 6.03 per cent. 

In absolute terms, gross NPAs were at Rs 10,530 crore (Rs 105.30 billion) while net NPAs stood at Rs 6,527 crore (Rs 65.27 billion), or 3.85 per cent of advances.

The banks’ net profit plunged 94 per cent from April-June quarter last year to a mere Rs 22 crore (Rs 220 million) for the same period this fiscal.

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ICICI Bank

Gross NPAs: Rs 10,009.41 crore

India’s largest private sector bank and the second largest bank in India, ICICI Bank has some good news.

Though its NPA did go up to Rs 10,009.41 crore (Rs 100.09 billion), in terms of percentage on advances, it came down to 3.23 per cent from 3.54 per cent a year ago. 

However, net NPAs shot up 29 per cent to Rs 2,460 crore (Rs 24.60 billion) from last year.

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Bank of Baroda

Gross NPAs: Rs 9,762.55 crore

Bank of Baroda overtook Punjab National Bank to become the country’s second largest public sector bank in terms of asset size.

Its gross NPA on June end stood at Rs 9,762.55 crore (Rs 97.62 billion), up from Rs 7,982.58 crore (Rs 79.82 billion) at March end.

As a percentage of advances, it is 2.99 per cent. Net NPA is Rs 5,440.67 crore (Rs 54.40 billion) at 1.69 per cent of advances; up from March Rs 4,192.02 crore (Rs 41.92 billion), 1.28 per cent of advances.

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Bank of India

Gross NPAs: Rs 9,413.45 crore

The bank’s gross NPA has surged to Rs 9,413.45 crore (Rs 94.13 billion) on June end, up from Rs 8,765.25 crore (Rs 87.65 billion) just three months ago, much higher when compared to June 2012 figure of Rs 6,751.81 crore (Rs 67.51 billion).

BoI’s NPA stand at 3.04 per cent of advances, up from 2.99 per cent in March 2013, and 2.56 per cent in June 2012.

The good news is that the Mumbai-based bank saw its profit rise to Rs 964 crore (Rs 9.64 billion) compared to Rs 887 crore (Rs 8.87 billion) in June last year, an increase of 8.68 per cent.

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IDBI Bank

Gross NPAs: Rs 7,959 crore

The bank’s gross NPA has surged to Rs 7,959 crore (Rs 79.59 billion) at the end of June, from Rs 6,450 crore (Rs 64.50 billion) in March end, and up from Rs 5,496 crore (Rs 54.96 billion) in the first quarter of the last fiscal.

The current NPA is 4.3 per cent of advances. Net NPA shot up to Rs 3,872 crore (Rs 38.72 billion), up from June last year’s figure of Rs 3,478 crore (Rs 34.78 billion).

Interestingly, at the end of the last fiscal year, IDBI Bank’s net NPA had improved to Rs 3,100 crore (Rs 31 billion).

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Indian Overseas Bank

Gross NPAs: Rs 7,431.69 crore

The gross NPA of the Chennai-based bank stood at Rs 7,431.69 crore (Rs 74.31 billion), compared to Rs 4,409.70 crore (Rs 44.09 billion) for the same quarter last year.

The gross NPA is 4.45 per cent of advances. The massive rise in NPA saw its net profit drop by 46 per cent to Rs 125.8 crore (Rs 1.25 billion) compared to Rs 233.4 crore (Rs 2.33 billion) in the same quarter last fiscal.

IOB’s total income nevertheless did rise to Rs 6,187.02 crore (Rs 61.87 billion) from Rs 5,402.85 crore (Rs 54.02 billion) in June 2012.

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Canara Bank

Gross NPAs: Rs 7,328.88 crore

The bank’s gross NPA has by a whopping 64 per cent to Rs 7,328.88 crore (Rs 73.28 billion) compared to Rs 4,496.55 crore (Rs 44.96 billion) for the same period last year. The net NPA stood at Rs 6,209.17 crore (Rs 62.09 billion) against Rs 3,755.61 crore (Rs 37.55 billion) in June 2012.

The ratio of NPA to advances were 2.91 per cent and 2.48 per cent respectively.

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Allahabad Bank

Gross NPAs: Rs 6,164 crore

Kolkata-headquartered Allahabad Bank saw its NPAs increase by a horrendous 185 per cent on a yearly basis to Rs 6,164 crore (Rs 61.64 billion), while the net NPA increased by 313 per cent in the same period to Rs 4,921 crore (Rs 49.21 billion).

In terms of percentage too, it went up to 4.78 per cent and 3.87 per cent respectively. No wonder that Allahabad Bank’s profit dipped 20 per cent to Rs 413.09 crore (Rs 4.13 billion).