The gross Non-Performing Assets (NPAs) of Jammu and Kashmir Bank, the lead bank for the Union Territory of Jammu and Kashmir rose to a whooping Rs.6500 crores over the years.
As per details of NPAs of all scheduled commercial banks across the country available with The News Now, Jammu and Kashmir Bank has reported Rs.6521crores of NPA’s till March 31 of 2022.
On the present status of Jammu and Kashmir Bank Limited, the MoS Finance said that as on March 2022 the bank posed Rs.6521crores as NPA.
“The bank has Rs.4369 Cr of NPA in March 2016 while it grows to Rs.6,521 Cr in 2022,” the reply stated. In 2017 the J&K Bank’s NPA was Rs.6000 Cr. With subsequent increase over the years it was Rs.6,007 in 2018, Rs.6,221 in 2019 and it goes to maximum Rs.7,672 Cr in 2020.