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Thread: Fix NPAs, Pranab tells banks
05-29-2012, 05:51 AM #1
Fix NPAs, Pranab tells banksConcerned over rising bad *****, Finance Minister Pranab Mukherjee, on Monday, asked banks to take steps to manage their non-performing assets (NPAs), which have grown on account of economic downturn.
“NPAs have grown at an uncomfortable and unacceptable rate in the past couple of years. The RBI has recently advised the selected banks to take necessary steps for appropriate NPA management. I hope the banks concerned will act on the advice of the RBI,” he said.
The banks, he added, “have to tread cautiously in the risks confronting the banking sector, especially the risks arising out of the asset quality, market volatility and the global downturn.''...being a human...