Which public sector bank in India has highest NPA?

State Bank of India (SBI) topped the list, with its bad loans rising to Rs 1.21 lakh crore as of September 2021 from Rs 74,482 crore in June 2014. As of 30 September 2021, SBI has stressed assets, including restructured standard advances worth Rs1,23,386 crore, out of which about Rs1.21 lakh crore are its gross NPAs.

Why public sector bank is better than private sector bank?

One of the advantages of public sector banks over private sector banks is that the former usually charge lower on these additional fees compared to private counterparts. One reason could be that private banks incur high overheads in the form of more expensive offices, higher salaries to employees and other costs.

Which private bank has highest NPA?

While the top six public sector lenders have reported the majority of pro forma NPAs at Rs 5.12 lakh crore, the 11 private lenders have reported pro forma bad loans at Rs 1.88 lakh crore, with Yes Bank reporting the highest among private sector lenders at over Rs 8,000 crore.

Are public banks better than private banks?

Public sector banks are known for their better organizational structure and greater penetration in the customer base. Job security is much higher as compared to private sector banks and for some, this could be the prime attraction for building a long-term career.

What are the advantages of public sector over private sector in India?

The biggest advantage of Government job is “Job Security”. Private sectors are prone to layoffs and we have very well witnessed such layoffs in the past during the time of recession. Whereas, in government sectors the situation of the employees more or less remained same and the job positions remained intact.

What is NPA problem in Indian banking system?

For banks in India, tackling the ballooning non-performing assets (NPA) will be the biggest challenge in 2021 as loan defaults have to spiked sharply in Covid-hit 2020. Many small and medium-scale companies are still struggling to repay dues owed to banks.

What is NPA in bank Upsc?

Non Performing Assets (NPA) – What is the meaning of NPA? [UPSC Economics Notes] When a person delays the payment of the loan or an amount which was due on him through the delay in payment in either interests or installments or principal amount, that particular loan or amount is termed as Non-Performing Asset.