The Non-Performing Assets (NPA) of commercial banks have increased by around four percent in the last one year. The NPA of banks was 5.43 percent in March 2015 which has risen to 9.32 percent in March this year. In a written reply in the Rajya Sabha yesterday, Minister of State for Finance, Santosh Gangwar said the high incidence of the NPAs are mainly related to power, road, steel, textiles and other sectors. He said the NPA amounts are related to 417 stalled infrastructure projects where public sector banks have invested over Rs 66478 crore.Mr. Gangwar said the government has taken several steps to revive these stalled projects. The Minister added the Reserve Bank of India has also issued guidelines for restructuring of loans.
News On AIR | August 10, 2016 6:52 AM
NPA of commercial banks increased by around 4%