 "PSBs may get Rs 12k-cr extra capital in FY17")
Slippages have moderated in the December quarter but delays in resolution of bad loans are making life difficult for five public sector banks. Indian Overseas Bank (IOB), UCO Bank, United Bank of India (UBI), IDBI Bank and Bank of Maharashtra have the highest gross non-performing assets (GNPAs) as a percentage of their gross advances.
IOB said it planned to bring down its GNPAs to 20 per cent. The bank’s GNPAs declined in the December quarter by Rs 200 crore but its percentage rose. The focus is recovery in those accounts where the bank is carrying 100 per cent provision or
