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BoB NPAs surge six-fold, Indian Bank sees four-times rise in 6 years: RTI

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019

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Bank of Baroda | Right to Information Act | Indian Bank

BS Web Team & Agencies  |  Kota 

Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram
The NPAs of Indian Bank surged from Rs 8,068.05 crore as on March 31, 2014, to Rs 32,561.26 crore as on March 31, 2020.

Non-performing assets of soared more than six-fold to Rs 73,140 crore, while those of surged four-times to Rs 32,561.26 crore in six years, according to a Right to Information reply.

The NPAs of (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI reply showed.

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019.

The NPAs of surged from Rs 8,068.05 crore as on March 31, 2014, to Rs 32,561.26 crore as on March 31, 2020.

The NPA accounts rose to 5,64,816 as on March 31, 2020, from 2,48,921 as on March 31, 2014, according to reply to Right to Information (RTI) queries on a number of NPA accounts and the total amount filed by Kota-based activist Sujeet Swami.

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The RTI data also showed the state-run lenders earned a huge amount from SMS alert service fees, minimum balance charges, locker charges, debit-credit cards service charges, outward, inward, ledger follows charges, among others.

According to the reply, collected Rs 107.7 crore through SMS alert fee during April 1, 2018 to February 29, 2020. collected around Rs 21 crore through the SMS service fee during the same period.

Swami said, "My motive to file RTI was to unearth NPA amounts of two national between 2014 to 2020." He said he has sought same information from State Bank of India and but they are yet to provide the data.

First Published: Sun, May 03 2020. 13:54 IST
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