Steps to address issue of rising bad loans likely in Budget



Steps to address issue of rising bad loans likely in Budget
The Finance Ministry is probable to proclaim steps to contract with increasing bad loan circumstances in the financial plan to be obtainable sometime near the beginning next month.
"NPA is a matter of concern. We are discussing it. The government is likely to make announcements on NPA condition in the upcoming budget," a senior Finance Ministry bureaucrat said.

The final Budget 2014-15 is likely to be tabled in the Lok Sabha in the first week of July and the Finance Ministry has previously in progress the work out to firm up the proposals for the economic.
There has been a prickly enlarge in non-performing assets (NPAs) in the topical years due to slow augmentation.
The disgusting NPAs of public sector banks rose to Rs 2.03 lakh crore at the end of September, 2013 from Rs 1.55 lakh crore on 31 March, 2013.
According to the latest data, the total hassled resources in the banking system at December, 2013 was 10.13 per cent of the gross advances of the banks.
The information for NPA at the end of March 2014 are not obtainable yet.