Banks bleed as bad loans build up fast

Public sector banks (PSBs) have registered a massive increase in non-performing assets (NPAs). Gross NPAs of PSBs stood at Rs  112,489 crore in March 2012 rising to Rs  155,890 crore in March 2013 and all- time high of Rs  182,829 crore by June 2013. The Standing Committee on Finance is all set to examine the reasons for high NPAS in PSBs, including bigger banks like State Bank of India (SBI) and Punjab National Bank (PNB).

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