UBI, Dhanlaxmi Bank NPA toll rises, says FinMin

Amid sluggish growth in the domestic market, United Bank of India and Dhanlaxmi Bank emerged as the worst performers in the list of public and private sector lenders with maximum rate of bad loans, said the media report.

UBI, Dhanlaxmi Bank NPA toll rises, says FinMin
"Among the PSU banks, United Bank of India is the worst performer with 10.78 per cent gross NPA ratio," Minister of State for Finance Jayant Sinha said in a written reply to the Rajya Sabha.

Dhanlaxmi Bank, was the worst performer among private banks with NPA of 7.27 per cent.

However, private-sector lender Yes bank emerged as the best performer with NPA of 0.36 per cent at the end of September.

NPAs of PSU banks as a whole stood at 5.29 per cent, for private banks at 2.05 per cent and for foreign banks at 3.90 per cent at the end of September.

The increase in NPAs of the Banks has been attributed to the sluggishness in domestic growth, slowdown in global economic recovery and continued uncertainty in global markets.

Read more about: ubi, united bank
Story first published: Wednesday, December 17, 2014, 12:50 [IST]
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