abhishreshthaa
Abhijeet S
THE INDIAN SCENARIO
According to the Ministry of Finance, non-performing assets (NPA) of public sector banks in India range between Rs 70,000 crore to Rs 1 lakh crore.
NPAs of banks and financial institutions (FI) account for over 5% of our GDP.
Major lending institutions in India, especially state-owned, are handicapped with mounting NPAs. Since most economic expansions are funded by debt, businesses remain highly leveraged.
According to the Ministry of Finance, non-performing assets (NPA) of public sector banks in India range between Rs 70,000 crore to Rs 1 lakh crore.
NPAs of banks and financial institutions (FI) account for over 5% of our GDP.
Major lending institutions in India, especially state-owned, are handicapped with mounting NPAs. Since most economic expansions are funded by debt, businesses remain highly leveraged.