1463 accounts have NPAs more than 100 Cr each

NewDelhi Jan 8: The Finance Ministry has revealed the data of number of bad loans that and said that " As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs)".

# State Bank of India (SBI) has 265 accounts had bad loans of more than Rs 100 crore each, totalling Rs 77,538 crore, at the end of the September quarter.

# Punjab National Bank topped the chart with 143 non-performing assets (NPA) accounts carrying over Rs 100 crore each and these collectively owed the bank Rs 45,973 crore.

# Union Bank had 79 such accounts, Oriental Bank 68 and UCO Bank 62 accounts.

Currently, banks are facing a huge problem of NPAs as many of the companies have failed to pay the debt and major companies are facing insolvency proceedings.