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.
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.