Dr Charan Singh, Professor of economics, IIM Bangalore and Mr Sharad Sharma, Managing Director, State Bank of Mysore talk about resolving the worry for banks, augmenting NPAs.
Diwakar Gupta, former MD & CFO of SBI, said the primary reason behind the poor show on the NPL front is the fact that not much has changed on the ground for PSU banks. Public sector banks need to track credit better to control gross NPLs, he added.
"Having short tenure stands to be a major problem for banks that may be not remedied in the near-term, " says AK Purwar who once served as chairman of SBI.
The news comes amid the backdrop of a slew of stories involving an unholy nexus between public sector banks and corrupt businessman.