NPA Crisis

Make names of wilful defaulters public: panel

  1. Context: NPA problem is threatening the stability of the banking system
  2. Background: Wilful defaulters owe PSU banks a total of Rs.64,335 crore or 21%  of total NPAs
  3. News: The Standing Committee on Finance has made many recommendations
  4. The state-owned banks make public the names of their respective top 30 stressed accounts involving wilful defaulters
  5. Reason: It will act as a deterrent and enable banks to withstand pressure and interference from various quarters in dealing with the promoters for recoveries or sanctioning further loans

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