Public sector bank's non-performing assets not alarming: FM | ummid.com
According to some estimates, the gross NPAs of PSBs grew by Rs.39,000 crore in 2011-12, compared to only Rs.500 crore in the case of private banks. The reason for such a spike was attributed to rise in the corporate debt restructuring (CDR) in sectors like aviation, real estate, power and telecom due to upward movement in interest rates, volatile currency and commodity markets.
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