Banks pare NPAs by Rs 4000 cr in Q1

Net NPAs Apr-June 05Change*Apr-June 05Change* PNB3,529.20-1,091.0648.67-203.83 Canara Bank2,339.44-869.13987.85-353.82 Bank of Baroda3,371.37-739.93647.39-408.86 Bank of India3,085.79-611.031,447.88-492.38 SBI12,508.88-362.695,204.32-339.82 Dena Bank1,149.30-361.26531.15-322.74 Syndicate Bank1,465.75-321.13427.56-252.87 Union Bank of India2,056.63-222.43967.85233.18 Indian Overseas Bank1,385.63-187.26262.48-243.31 Andhra Bank460.51-173.6268.08-40.73 *year-on-year  Individual banks have reduced their gross NPA by a minimum of 65 basis points to a maximum of 600 basis points. The average net NPA of these banks declined between 28 basis points and 403 basis points.  Public sector banks appears to have made huge recoveries in non-performing assets during the quarter as provision for NPAs was up by modest 292 crore during quarter ended June 2005.  Gross NPAs of 21 banks declined by Rs 4,068 crore during the quarter ended June 05, while provision for NPAs for the quarter aggregated Rs 1,120 crore.  Punjab National Bank tops the list as its gross NPAs declined by Rs 1,091 crore to Rs 3,529 crore and net NPAs declined by Rs 204 crore to Rs 49 crore.  As a result, the bank