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Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn

Indian Overseas Bank bank had gross NPAs of Rs 317 billion

Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram
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Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram

Press Trust of India New Delhi
The gross non-performing assets (NPAs) of all the banks in the country amounted to Rs 8.40 trillion in December, led by industry loans followed by services and agriculture sectors, government said on Friday.

The gross NPAs or bad loans of scheduled commercial banks as on December 31, 2017 due to loans to industry were at Rs 6.09 trillion, accounting for 20.41 per cent of the gross advances.

That was followed by Rs 1.1 trillion (5.77 per cent) dues from services sector; Rs 696 billion (6.53 per cent) from agriculture and allied activities; Rs 149 billion from other non-food credit and Rs 366