NPAs at record high of Rs 6.8 lakh crore

As Non-Performing Assets (NPAs) of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel favored ‘naming and shaming’ corporate houses which default on repayment of bank loans.

Public Accounts Committee (PAC) chief K V Thomas hopes ‘naming and shaming’ such corporate houses may help financial institutions get back their money. Out of the Rs 6.8 lakh crore of Non-Performing Assets of public sector banks, a whopping 70% are those of big corporate houses, Thomas said, adding hardly one per cent of it constitutes loans to farmers.
Source- The Hindu

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