ENA MSME 2018-04-03 10:17:17 <p><strong>New Delhi, Apr 3 (KNN)</strong> Micro, Small and Medium Enterprises (MSMEs) are suffering from the pressure of bad loans, said the State Level Bankers Committee Report.</p> <p>The report indicates that MSMEs Non Performing Assets (NPAs) stood at Rs 6,838 crore in the December quarter of 2017-18 which is 27% higher than the last fiscal year.</p> <p>Total advances by banks was Rs 92,299 crore in the December quarter of 2017-18 as compared to Rs 79,816 crore in the third quarter of 2016-17.</p> <p>NPAs in the December quarter of FY 2017-18 accounted for 7.4% of total advances while it was 6.73% for December quarter of FY 2016-17.</p> <p>While, total advances have gone up by 16%, NPAs increased by nearly double the rate.</p> <p>Deposits have remained stagnant, registering marginal growth of less than 1% from Rs 6.31 lakh crore in the December quarter of FY 2016-17 to Rs 6.34 lakh crore in the December quarter of FY 2017-18.</p> 19477 http://knnindia.co.in/news/newsdetails/msme/msme-sectors-non-performing-assets-rises-by-27-slbc-report 2018-04-03 10:17:17 knnindia.co.in