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Bank loan defaults rose to Rs 74,685 crore (Rs 746.85 billion) at the end of March 2010, with non-performing assets of public sector banks reaching Rs 57,301 crore (Rs 573.01 billion), Parliament was informed on Tuesday.
Gross advances of state-owned banks was over Rs 25.19 trillion during FY10, with NPAs to loans ratio of 2.27, Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.
In FY09, PSU banks NPAs were pegged at Rs 44,039 crore (Rs 440.39 billion) as against Rs 39,749 crore (Rs 397.49 billion) in the fiscal ended March 2008.
The ratio of NPAs to loans for the two financial years was 2.09 and 2.34 per cent, respectively.
In the case of private banks, the NPAs were at Rs 17,384 crore (Rs 173.84 billion), albeit on much lower gross advances of Rs 5.84 trillion at the end of March 2010.
The NPAs to loans ratio in the case of private sector banks in FY10 was 2.97. In the previous two fiscal, FY09 and FY08, gross NPAs of private banks were Rs 16,888 crore (Rs 168.88 billion) and Rs 12,976 crore (Rs 129.76 billion), respectively.
Their NPAs to loans ratio was 3.25 in FY09 and 2.74 in FY08.
The annual growth rate of total loan disbursements for PSU banks was 19.75 per cent in FY10, as against 12.5 per cent in the case of private banks, over FY09.
At the end of FY09, loan disbursement by state-owned banks had increased by more than 24 per cent over FY08 to Rs 21.03 trillion. In case of private banks, gross advances amounted to Rs 5.19 trillion in FY09, as against more than Rs 4.72 trillion in FY08.