Public Sector Banks' Gross Non-Performing Assets Hit 9.83% In FY16

New Delhi: Bad loans of public sector banks stood as high as 9.83 per cent of gross advances in previous fiscal, while that of private sector banks were restricted to 2.70 per cent, government said on Friday. For fiscal 2015-16, public sector banks had gross advances of Rs 51,04,915 crore, of which Rs 5,02,068 crore (9.83 per cent) was categorised as gross non-performing assets (GNPA), Minister of State for Finance Santosh Gangwar i...