District co-operative banks’ bad loan ratio hits 12.6%: FM Nirmala Sitharaman

The minister said the gross non-performing assets (NPAs) of urban co-operative banks (UCBs), too, remained elevated at 11.3% (Rs 35,528 crore) at the end of March 2021. However, the gross NPAs of state co-operative banks were to the tune of 6.7% (Rs 13,477 crore) as of March 2020, Sitharaman said in a statement in the upper House.

from Banking & Finance – The Financial Express https://ift.tt/3wTiXb9