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Apr 18, 2014
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Finmin widens monitoring of NPAs at public sector banks to top 50 accounts
Stepping up pressure on public sector banks (PSBs) to bring down bad loans, the finance ministry has widened its monitoring of non-performing assets (NPA) from ‘top 30’ NPA accounts to ‘top 50’ for all state-owned lenders. The ministry has also asked lenders to submit an action-taken report on recovery for the 'top 50' NPA accounts as on December-end 2013.
In a communication to PSB chiefs, the new secretary of department of financial services (DFS), GS Sandhu, also sought a list of wilful defaulters and findings of prima facie diversion of funds by such borrowers.
Source -
http://www.financialexpress.com
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