Comprehensive steps person been taken by the Government to trim NPAs and to effect recovery, which enabled PSBs to retrieve Rs 5,49,327 crore implicit the past 7 fiscal years,” helium said.
The authorities has taken broad steps to trim NPAs and to effect recovery, enabling nationalist assemblage banks to retrieve much than Rs 5.49 lakh crore implicit the past 7 fiscal years, the Lok Sabha was informed connected Monday.In a written reply, Minister of State for Finance Bhagwat Karad said that with respect to the details of the betterment complaint of non-performing assets (NPAs), the RBI has informed that it has not formally defined ‘recovery rate’ successful the discourse of NPAs successful the banking industry.
“Comprehensive steps person been taken by the Government to trim NPAs and to effect recovery, which enabled PSBs to retrieve Rs 5,49,327 crore implicit the past 7 fiscal years,” helium said.However, arsenic per RBI data, betterment made by nationalist assemblage banks (PSBs) during the fiscal twelvemonth arsenic a percent of gross NPA arsenic astatine opening of the fiscal twelvemonth (FY) has improved from 11.33 per cent successful 2017-18, to 13.52 per cent successful 2018-19, and to 14.69 per cent successful 2019-20.
“In FY2020-21, contempt wide interaction of the COVID-19 pandemic connected the system and its cascading effect connected the actions successful respect of betterment measures, the betterment during the fiscal twelvemonth arsenic a percent of gross NPA arsenic connected opening of the fiscal twelvemonth was inactive astatine 12.28 per cent,” the curate said.
The curate besides informed that chiefly arsenic a effect of transparent designation of stressed assets, gross NPAs of PSBs roseate from Rs 2,79,016 crore (gross NPA ratio of 4.97 per cent) arsenic connected March 31, 2015, to Rs 8,95,601 crore (gross NPA ratio of 14.58 per cent) arsenic connected March 31, 2018.He further said that arsenic a effect of government’s strategy of recognition, resolution, recapitalisation and reforms, NPAs person since declined to Rs 6,16,616 crore (gross NPA ratio of 9.11 per cent) arsenic connected March 31, 2021.
To a question related to PAN Card, Minister of State for Finance Pankaj Chaudhary said successful immoderate cases, persons person been allotted much than 1 PAN.
However, each duplicate PAN cards, arsenic per record, person been de-duplicated, helium said.The fig of PANs which person been de-duplicated is 12,12,527, helium said, and added this does not see PANs which person been re-activated implicit a play of time.
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