State banks see Rs 31,000 cr fall in NPAs in nine months

NEW DELHI: Bad loans of public sector banks declined by more than Rs 31,000 crore to Rs 8,64,433 crore in the first nine months of the current fiscal as compared to end of March 2018, the government said on Friday. Non-performing assets (NPAs) or bad loans, of the banks stood at Rs 8,95,601 crore at the end of previous fiscal, Minister of State for Finance Shiv Pratap Shukla said in a written reply to Lok Sabha. Bad loans fell to Rs 8,75,619 crore as on June 2018 and further to Rs 8,64,433 crore in December 2018 (as per provisional data), he said. Shukla said at present the government is not considering any proposal for privatisation of PSBs.