37 banks see Rs 1.3 trillion jump in gross non-performing assets in Q4

The RBI has been critical of banks for using restructuring schemes to hide the stress

Weighed down by the Reserve Bank of India’s (RBI’s) new rules on restructured assets, domestic banks, both public and private, added over Rs 1.3 trillion in gross non-performing assets (NPAs) in the fourth quarter ended March. 

Provisions and contingencies, amounts set aside for NPAs, also rose to Rs 1.4 trillion in the final three months of 2017-18, according to a review of the performance of 37 listed banks. While the provisions and contingencies figure includes those for tax, standard assets and loss in value of investment such as government securities, a large chunk of it is for stressed loans, including