Saturday, March 17, 2007

Banks` NPAs to come down to half per cent soon: FM

Finance Minister P Chidambaram today expressed confidence that the average net non-performing assets (NPAs) of public sector banks would come down to 0.5 per cent shortly.

Speaking at a function organised by Indian Overseas Bank here, Chidambaram said the net NPA of public sector banks was 1.3 per cent and would be brought down to 1 per cent in the coming financial year.

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