How will the Indian banks manage the rising NPA?
The Non-Performing Assets (NPA) has been continuously rising among the Indian banks, even after the Nirav Modi-Mehul Choksi fraud case. The Indian banks are now trying to put a hold on the ‘wilful defaulters’ to control the non-performing assets. The Punjab National Bank (PNB), which saw the most sorrow situations at the time of Modi-Choksi case, hope to 'name and shame' such borrowers to recover up to Rs 150 crore worth bad loans every month under its nearly one-year-old 'Mission Gandhigiri'. The state-owned lender said it is intensifying the initiative, amid rising concerns over non-performing assets in the banking system.
Updated : 21 April 2018, 02:12 PM