“Non-Performing Assets” or simply “bad loans” rose by 38% or by Rs. 35424 crore in the first 6 months of FY 14. On 31st March, 2013 NPA were Rs. 93,109 crore which rose to Rs. 1,28,553 crore as on 30th September, 2013. Source: A study by NPAsoucre.com. It keeps on swallowing the larger chunks of our budget. The UPA government allocated Rs.11,200 crore to Public Sector Banks in the interim budget but the current budget didn’t spelled out the amount ear marked for 2014-15
But wait, there’s more!