United Bank of India and Dhanlaxmi Bank are among the notable public and private sector lenders which have a poor non-performing assets (NPAs) ratio among financial institutions in the country, according to the Government.
Among the foreign banks, Firstrand Bank had the 'worst' gross Non-performing Assets (NPAs) of 25.93 per cent at the end of September 2014, Minister of State for Finance Jayant Sinha said in a written reply to the Rajya Sabha on Tuesday.
"Among the PSU banks, United Bank of India is the worst performer with 10.78 per cent gross NPA ratio," he said, while at the same time adding that Vijaya Bank with bad loans of 2.85 per cent of total advances was the best performer. Dhanlaxmi Bank, Sinha said, was the worst performer among private banks with NPA of 7.27 per cent. The best performer was Yes Bank with NPA of 0.36 per cent at the end of September 2014.