ASSOCHAM
INDUSTRY/BANKING NPAs of banks may cross Rs 2 lakh crore by March 2013, says ASSOCHAM The net non-performing assets (NPAs) of the banking sector in India are increasing at an alarming rate and may cross Rs 2 lakh crore for the fiscal year ending March 2013 from Rs 1.57 lakh crore as in June, 2012, according to the apex industry body ASSOCHAM. Besides, the continuing pressures on Indian economy may also result in pushing the NPA ratio from 2.94 in June end to about 3.75 by the end of the current fiscal, reveals the study titled ‘Growing Heat of NPAs on Banking Sector,’ by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), which was released by RBI deputy governor, Dr. K.C. Chakrabarty along with Ms Sudha Ravi, co-chairperson of ASSOCHAM Banking & Finance Council and national secretary general Mr D.S. Rawat here today. “A plethora of issues like rising trends in stress assets, increased provisioning, issues of the asset qua...