Post News Network
Bhubaneswar, May 15: Bad loans in the banking system have surged to 11.31 per cent in the state by the end of March 2016, indicating a worrisome trend, a report of State Level Bankers’ Committee said. Similarly, overdue position has also reached an alarming level of 39.54 per cent in FY16.
“The NPA percentage of the state is 11.38 and overdue percentage is 39.54 which are at much higher side and alarming. Rising NPA in Orissa is a matter of great concern,” the report noted.
While private sector banks reported the least bad assets, Regional Rural Banks have witnessed highest percentage of bad loans in the last financial year.
According to the report, private sector banks had a NPA ratio of 0.57 per cent with overdue of 21.58 per cent. Bad loans for public sector banks were at 12.67 per cent with overdue position of 39.36 per cent.
Meanwhile, Regional Rural Banks had a NPA percentage of 23.04 per cent with overdue of 32.44 per cent. Orissa State Cooperative Banks had a NPA of 6.67 per cent with overdue of 42.91 per cent during the last financial year.
Agriculture sector as a whole had seen 9.88 per cent of bad loans with overdue of 44.83 per cent during last fiscal. Among agriculture loans, term loans witnessed the highest NPA of 16.97 per cent with overdue of 50.14 per cent.
MSME sector had reported a NPA of 12.55 per cent with overdue of 44.57 per cent in FY16. In the education loan segment, NPA percentage stood at 12.51 per cent, while it was at 6.57 per cent in the housing loan segment during this period.
