Syndicate Bank – Rs 10,253 Cr Agricultural Loan Turned NPAs

Syndicate Bank is troubling with higher NPA in past few quarters and recent reply by the bank against a RTI query shows that agriculture loans worth Rs 10,253 crore disbursed by Syndicate Bank have turned into non-performing assets (NPAs) in the last five fiscal years until March 2018.

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Total NPA of the bank increased in the last three fiscals, with the bad loans soaring to Rs 3,851 crore in 2017-2018.

The NPA in the agricultural sector was Rs 962 crore in 2013-14, Rs 1,658 crore in 2014-15, Rs 1,536 crore in 2015-16, Rs 2,246 crore in 2016-17 and Rs 3,851 crore in 2017-18.

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The higher NPA shows that the NPA is not at all limited to Business sector rather the agri NPA is also pinching hard to Banks’ profit.