Cooperative Banks NPA

However, growth in deposits and advances took a knock as liabilities shrank on the back of high base in 2020-21, shows RBI Report on Trend and Progress of Banking in India

More than 99% of depositors of Pune-based lender to receive the full amount, says regulator

The cooperative banking sector, already under stress due to high non-performing assets (NPA), is bracing for significant addition in bad loans due to the spate of debt waiver schemes in states. The debt waiver scheme has adversely impacted repayments for crop loans, as farmers anticipate more farm loan waivers in the coming days. Already the cooperative sector is reeling under stress due to high non-performing assets and poor infrastructure. Data from National Federation of State Cooperative Banks (NAFSCOB) show, already, the absolute NPA of district central cooperative banks (DCCBs) at the end of 31st March 2016 stood at Rs 22406 crore, while that of state cooperative banks stood at 5147 crore. Data for Primary Agricultural Credit Society is not available. In June this year, Maharashtra government announced a debt waiver of Rs 34000 crore for nearly 8.9 million farmers. Earlier, the Uttar Pradesh government waived loans worth Rs 36359 crore for about 21 million farmers. This apart, .