Banks’ NPAS in large industry, services fall 31% in 2 years

Banks’ non-performing assets (NPAS) in large industry and services declined 31 per cent in over two years to about ~4.36 trillion in June this year, Parliament was informed on Monday. On whether the NPAS of big industries and corporate houses have increased sharply as compared to small businesses due to non-repayment of loans to banks during the last three years, Minister of State for Finance Anurag Singh Thakur replied in the negative. He said a number of steps had been taken for recovery of loans from corporate houses, which enabled banks to recover ~5.48 trillion during the past five financial years.