BANK BPS VS BAD LOAN

Excellent note on write off culture in banks by Sri Kamlesh Chaturvedi submitted on Facebook is as follows:-



3rd BPS signed on 31.08.1979 Rs. 30 Crore 
4th BPS signed on 17.09.1984 Rs. 120 Crore
5th BPS signed on 10.04.1989 Rs. 252 Crore 
6th BPS Signed on 14.02.1995 Rs. 388 Crore 
7th BPS signed on 27.03.2000 Rs. 818 Crore...
8th BPS signed on 02.06.2005 Rs. 1288 Crore 
9th BPS signed on 27.04.2010 Rs. 2577 Crore +                                                                                             pension cost 
10th BPS signed on 25.06.2015Rs. 4725 Crore 
                                                       Total 10198 Crore 

Top ten PSB bad loan write-offs
Bank	Write-off amount
State Bank of India	Rs 21,313 crore
Punjab National Bank	Rs 6,587 crore
Indian Overseas Bank	Rs 3,131 crore
Allababad Bank	Rs 2,109 crore
Central Bank of India	Rs 1,995 crore
IDBI Bank	Rs 1,609 crore
Bank of Baroda	Rs 1,564 crore
Syndicate Bank	Rs 1,527 crore
Canara Bank	Rs 1,472 crore
UCO Bank	Rs 1,401 crore

PSU banks have been witnessing a continuous surge in bad loans. As on September 2015, the gross NPAs of PSBs have increased to Rs 3,00,743 crore as against Rs 2.67 lakh crore in March 2015.
Concerned over mounting bad loans, RBI in consultation with the government is working on methodologies to clean up balance sheets of state-owned banks by March 2017.
P. Chidambaram to bank staff: All profit can't be used to pay higher wages-Financial Express

 public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.