Mr. C. Rangarajan, the key economic advisor of the Prime Minister said that the banks may have to deal higher with the NPA assets, because of the poor economic performance. The NPA is continuously increasing, due to the behavior of the economy. He feels that the banks have to be careful, while dealing with the Non Performing Assets. He was talking at the fifth conference of the CBI and CVO. The banks should realize what is happening around them, in the present situation. For the last two years, the NPA is increasing, because of the slowdown in the Indian economy.
The State Bank of India and the Punjab National Bank have crossed 4% of the total assets of them. The gross non-performing assets has increased to Rs.1.76 crore, from Rs.1.55 crore. As on 31st March 2013. The public sector banks are working to recover as much as possible and during the 2012-13 period, they have recovered Rs. 1905 crores, through 97,701 cases and during the current fiscal year, the banks have recovered Rs. 17,000 crore, from the 79,117 suits.