Prevalence, progress and recovery of non-performing assets in scheduled commercial banks

Banking is known to be as an age-old practice since ancient times to the modern business world. Modern banking sector is considered as the life blood of the financial system. It plays a vital role to stimulate economy in order to achieve its economical and social objectives. Meantime, world banking sector is experiencing the menace of non-performing assets (NPAs) due to a variety of reasons. As a developing economy, Indian banking sector is also not exceptional to the quandary of NPAs. This article examines the progress of scheduled commercial banks India with reference to prevalence, progress and recovery of NPAs.