UCO Bank lodged with highest number of NPAs

As per RBI Kolkata headquartered UCO Bank named as the worst performer in public sector banks with highest number of non-performing assets (NPAs) recorded against it with gross advances ratio raised to 8.05% from 4.47% followed by Indian Overseas Bank and Bank of Maharashtra

OTHER BAD PERFORMER PSBs DURING 2014-15

• Chennai headquartered Indian Overseas Bank(IOB) with 8.30% from 3.46%
• Pune headquartered Bank of Maharashtra(BoM) with 6.18% from 3.02%
• Mumbai headquartered Dena Bankincreased to 5.29% from 3.33 per cent
• Mangalore headquartered Corporation Bank’srose from 3.42% to 4.80%

Increase in NPA affected the base of the banks and they are provided with Rs 25,000 capital support by government in this fiscal.