Govt to Resolve NPA Issue Very Soon: Minister

Posted By: Religare
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The Indian Government has said that it is not worried about the huge load of bad loans of public sector banks and a likely solution will be worked out soon.

Govt to Resolve NPA Issue Very Soon: Minister

The Government also assured that the issue of NPAs would be resolved very soon.

Commenting on the issue, Union minister Santosh Kumar Gangwar told the media, "Non-performing assets (NPAs) are not a subject to worry about too much. I think we will find a solution to the problem soon."

As per reports, bad loans of public banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-December of 2016-17, the bulk of which came from power, steel, road infrastructure and textiles sectors. The gross bad loans stood at Rs 5,02,068 crore at the end of 2015-16.

Read more about: loans, npa, union minister
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