NPA PSBs

The govt reportedly said that it was keen on National Asset Reconstruction Company of India Ltd (NARCL) starting its operation

Move comes at a time when banks are reluctant to lend fearing probe

Business is rapidly shifting to private banks

Instead, the unions said, ensuring 'proper governance in the system' and 'removing political interference' will address the problem of NPAs

This has been achieved while being compliant with capital requirement norms

This is for the first time in a decade that banks have made huge write-offs of bad loans along with booking of hefty losses

Due to non-payment of interest of Rs 192.9 mn on bank borrowings, Indian Bank and Union Bank of India have reported STC accounts as NPA

The degrees of freedom available for govt's arbitrary decisions are circumscribed by financial market dynamics

Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha on Monday

The NPAs or bad loans of PSBs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.78 lakh crore in March 2015