Bank NPA: Bank of Maharashtra on top in NPA management in the last financial year

Bank of Maharashtra (BOM) performed best in the last financial year 2022-23 in the management of non-performing assets (NPAs) or bad loans. The net NPA of the bank has come down to a low of 0.25 percent in the last financial year. If we look at the annual data of banks, it is known that this is the lowest ratio of bad loans not only among public sector banks but among all banks with an annual business of more than three lakh crore rupees.
In this case, HDFC Bank is ranked after the public sector bank of Pune. By the end of the last financial year, the net NPA of HDFC Bank stood at 0.27 percent. It was followed by Kotak Mahindra Bank with 0.37 percent.
Among the public sector banks, BoM was followed by the country's largest lender State Bank of India (SBI). By the end of March 2023, the net NPA of SBI has come down to 0.67 percent. Bank of Baroda's net NPA stood at 0.89 percent. In terms of credit growth, BoM stood first among scheduled commercial banks with a growth of 29.49 percent. It was followed by Indian Overseas Bank with 21.28 percent. IndusInd Bank is in the third position with a 21 percent loan growth. On the other hand, SBI's loan growth was 15.38 percent in the last financial year.