16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

— November 20, 2016 comments off

Gross NPAs of the PSBs had surged from 5.43 per cent (Rs 2.67 lakh crore) in 2014-15 to 9.32 per cent (Rs 4.76 lakh crore) in 2015-16 of the total advances.