In the house

Told banks to take care of NPAs: Pranab

EXPRESSING concern over rising Non-performing Assets NPAs of public sector banks,Finance Minister Pranab Mukherjee said Friday that banks must tackle the problem seriously,but without choking credit. He was replying to a question listed in the names of K J S P Reddy and Arjun Ray that NPAs in public sector banks have witnessed an upward trend.

He told members he had held meetings with chiefs of these banks and told them to take care of the issue. I told them not to choke credit but apply due diligence while sanctioning loans.