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    HomeNewsBusinessCompaniesFinMin tells banks to decrease net NPA to 1% by Mar '14

    FinMin tells banks to decrease net NPA to 1% by Mar '14

    Finance Ministry has directed banks to expedite the recovery process and bring down net NPAs

    April 14, 2013 / 11:34 IST

    Setting a stiff target for all public sector banks, the Finance Ministry has directed them to expedite the recovery process and bring down net NPAs to 1 percent of their total advances by the end of 2013-14 fiscal.

    "We have asked banks to bring down their net NPA to 1 percent of the total advances by March 2014," Department of Financial Services Secretary Rajiv Takru said.

    Also read: RBI penalises JP Morgan Chase Bank for violating norms

    first published: Apr 14, 2013 11:34 am

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