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ARTICLE · 18 SEPTEMBER 2018

Project Sashakt – A Technique To Deal With NPA

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India has witnessed evolution in the banking industry since its inception when the Reserve Bank of India was established in 1935.

IndiaFinance and Banking
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India has witnessed evolution in the banking industry since its inception when the Reserve Bank of India was established in 1935. With the growing awareness post demonetization, there has been increased diversion of the people towards the banking sector, which focuses on a number of functions including acceptance of funds in the form of fixed deposits or liquidated funds, granting of loans, agent for fund transfer and additional facilities like locker operation to safeguard the valuables of the clients.

With the increase in the banking practices, the industry faces challenges hampering its growth. Non-performing assets (hereinafter referred to as "NPA") pose a threat to the development of banks. An NPA is a loan or advance for which the payment remains outstanding for a period of 90 days. Recent times have witnessed quite an increase in the NPA cases resulting in great losses to the banks.

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