The gross non-performing assets (NPA) of the bank, as a percentage of its total lending, stood at 17.43 per cent in the last quarter, against 15.97 per cent in the same period last year. The net NPA
stood at 5.71 per cent in the last quarter, against 7.32 per cent in the same period last year.
In the last financial year, the bank recorded fresh slippages worth Rs 2,986 crore, with agriculture and MSME sectors accounting for a large share. Rao said the bank owes about Rs 1,500-1,600 crore repayment from states on account of debt waiver schemes. A major share is from the government of Madhya Pradesh, which so far has released only about 10 per cent of funds. The bank is expecting repayment of about Rs 1,170 crore by the Madhya Pradesh government alone in the second quarter.
In view of the higher slippages in the agriculture sector, the bank is reassessing the portfolio, said Rao.