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Tuesday, Jan 17, 2006


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Money & Banking - Non-Performing Assets

Unions want tough action on NPAs

Our Bureau

Coimbatore , Jan. 16

EVEN while bank managements claim to have initiated stringent measures to reduce the NPA level, the unions contend that the real and full extent of NPAs were being masqueraded by various methods.

"Every bank makes huge provision for NPAs from profits for allowing concessions, interest waiver, compromise settlement, corporate debt restructure etc. This exercise results in lowering the NPA, and not in actual recovery," argues the All India Bank Employees Association (AIBEA) General Secretary, Mr C.H. Venkatachalam.

Mr Venkatachalam said if serious steps were taken to recover the dues, there would be no dearth of capital in banks.

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