Poor Economic Status Of The Nation And The Condition Of The Non Performing Assets Of Banks
By Neelima Shankar
Aug 23, 2013
Print    Email    RSS   

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.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Innovative education loan scheme for IIM...
J&K Bank raises PLR
Know your Education Loan better
Plan for your child
A chronicle of excesses by loan recovery...

ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive