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What is NPA Trends in Indian Public Sector Banks about?

The gross non-performing assets of Public Sector Banks in India reached Rs. 1,76,009 crore as of June 30th, 2013 according to provisional data from the Reserve Bank of India, rising from Rs. 1,12,489 crore in March 2012 and Rs. 1,55,890 crore in March 2013. While NPAs have shown an increasing trend, the bank is closely monitoring the situation and sees no cause for alarm, viewing the asset quality issues as a reflection of broader economic stresses in the country. Recovery rates on suit-filed cases have dec

Author

Jhunjhunwalas Digital Finance \u0026 Business Info Library

Language

EN