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Dangerous Loans of Financial institution Of Baroda, Indian Financial institution Surge Multi-Fold In 6 Years, Reveals RTI Knowledge

NPAs of Bank Of Baroda, Indian Bank Surge Multi-Fold In 6 Years, Reveals RTI Data

A Kota-based RTI activist filed the question

Non-performing belongings (NPA) of Financial institution of Baroda soared greater than six-fold to Rs 73,140 crore whereas these of Indian Financial institution surged four-times to Rs 32,561.26 crore in six years, in keeping with a Proper to Data reply.

The NPA of Financial institution of Baroda (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI reply confirmed.The variety of NPA accounts rose from 2,08,035 as on March 31, 2014, to 6,17,306 as of December 2019.

The NPAs of Indian Financial institution surged from Rs 8,068.05 crore as on March 31, 2014, to Rs 32,561.26 crore as on March 31, 2020. The NPA accounts rose to five,64,816 as on March 31, 2020, from 2,48,921 as on March 31, 2014, in keeping with reply to Proper to Data (RTI) queries on variety of NPA accounts and the entire quantity filed by Kota-based activist Sujeet Swami.

The RTI knowledge additionally confirmed the state-run lenders earned large quantity from SMS alert service charges, minimal steadiness costs, locker costs, debit-credit playing cards service costs, outward, inward, ledger comply with costs, amongst others.

Based on the reply, Financial institution of Baroda collected Rs 107.7 crore by SMS alert price throughout April 1, 2018 to February 29, 2020. Indian Financial institution collected round Rs 21 crore by SMS service price throughout the identical interval.

Swami stated, “My motive to file RTI was to unearth NPA quantities of two nationwide banks between 2014 to 2020.” He stated he has sought identical data from State Financial institution of India and Punjab Nationwide Financial institution however they’re but to supply the information.

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