Book highlighting contrast between public & private sector banks in NPA levels released in New Delhi
New Delhi, June 16 (UNI) A book highlighting internal shortcomings of public and private sector banks and stark contrast between them in terms of NPA (non-performing assets) levels was released here on Monday.
The book, 'NPA Management in Public & Private Sector Banks in INDIA-Causes and Remedies', written by Dr. Amarjit Chopra, former President ICAI, was released at a function organised by the Bhartiya Vitta Salahakar Samiti.
The author has pointed out in the book that internal shortcomings like poor credit appraisal, weak underwriting standards and ineffective credit monitoring, evergreening of loans and the external factors like corruption, political interference and frequent policy changes significantly contribute to the problem of NPA in banks.
The author has also hinted at possible future areas of research in the area of banking, particularly relating to revival of various units after introduction of IBC (Insolvency and Bankruptcy Code).
Renowned economists Dr Ashwani Mahajan, National Co-convener, Swadeshi Jagran Manch,
and Prof Ram Singh, Director Delhi School of Economics and Member MPC of RBI, were the
chief guests at the function.
The function was also attended by M K Jain, Former CMD of Oriental Bank of India and Member Warehousing Development and Regulatory Authority, tax experts Dr Rakesh Gupta, Dr Raj Kumar Agarwal and Gopal Krishna Agarwal, National Spokesperson on Economic Matters of BJP and Subhash Agarwal, MD SMC Group.
The function was presided over by Neeraj Gupta, President BVSS.
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