Increase in NPAs matter of concern

The "increase" in Non-performing Assets (NPAs) ot banks is a matter of concern, former All India Banks Employees Association (AIBEA) vice president P S Sunderesan said on Sunday. Addressing the 20th Conference of All India State Bank of Patiala Employees Federation and Sixth Employees Union Conference of State Bank of Patiala, Sunderesan alleged that in the last three years Rs 52,000 crore of fresh NPA had been added to the banking system. The total NPA of the banking system has touched a level of Rs three lakh crores, if interest is added to it, he claimed.
He said the All India Bank Employees Association had a list of "defaulters" where the NPA level is one crore and above in each account. (PTI)
Source:- India Business News