At 12%, banks in Odisha have higher NPA than national average

Maximum slippages noted in loans advanced to farm and education sectors

The non-performing assets (NPAs) of banks in Odisha stood at 11.95 per cent as on December 31, 2016 with maximum slippages noted in the loans advanced to the agriculture and education sectors.

Though bad loans crisis is a nationwide phenomenon, the gross NPAs of banks operating in Odisha at 11.95 per cent is higher than the pan-India average of 9.3 per cent (as on December 2016) of both public and private sector banks.

In Odisha, out of the total outstanding advances of Rs 1,05,109.84 crore to priority and non-priority sectors, the NPA stood at Rs 12,557.10 crore for the quarter ended December