KCC bank NPA mounts to Rs 1103.20 Cr, Himachal Govt claims recovery of Rs 44.70 Cr
Himachal Pradesh Government informed on Thursday that the Non-Performing Asset of the Public sector Kangra Central Cooperative Bank mounted to Rs 1103.20 Crore till November 31, 2023.
This was stated by Chief Minister Sukhvinder Singh Sukhu who also holds the portfolio of Finance was replying to a query raised by Congress member Rajinder Rana during the question hours.
The chief minister said that NPA was increased up to Rs 1147.90 Cr till the end of March 31, 2023. He said that the government affected the recovery of Rs 44.70 Cr from April 1, 2023, to Nov 31, 2023, and efforts are continuing to recover the big defaulter.
He said that the government would discourage the practice of lending big tickets out of the box but it should be ensured that RBI guidelines should be followed before lending big loans. Members wanted the government should ensure that the collateral of the lender should be attached to ensure to end of the NPA under the RBI guidelines.
The chief minister also informed that the functioning of the bank is improving as the bank recorded 47.77 Crore net profit and 171.40 Cr gross profit in the last financial year. He said that the bank recorded a net profit of Rs 40.35 cr in the previous FY 2021-22.
The chief minister informed that KCC bank has a capital asset of Rs 16274.98 Cr till March 31, 2023. He said that NPA is prepared as system-generated and not manual.
