Photo: MintNew Delhi: As non-performing assets (NPAs) of public sector banks soared to a staggering Rs6.8 trillion, the chairman of a key parliamentary panel on Sunday favoured naming and shaming corporate houses which default on repayment of bank loans. Thomas hopes "naming and shaming" such corporate houses may help financial institutions get back their money. But when it comes to corporate houses, they don't reveal the names. "We have met chairmen and managing directors (CMDs) of a few public sector banks, including Indian Overseas Bank, Indian Bank and Allahabad Bank, among others, to discuss the issue. Bank of Baroda has NPAs of Rs35,467 crore, Canara Bank Rs31,466 crore, Indian Overseas Bank Rs31,073 crore, Union Bank of India Rs27,891 crore, IDBI Bank Limited Rs25,973 crore, Central Bank of India Rs25,718 crore, Allahabad Bank Rs18,852 crore and Oriental Bank of Commerce Rs18,383 crore.

Source: Mint March 05, 2017 09:45 UTC