Question

Descriptive essay on non performing assets for sbi po

Answer 1

"The loans and advances given to the customers of the bank on which the customer doesn’t pay either interest, part of principle or both becomes the Non-Performing Assets (NPAs).

Reasons for NPAs:

1. Due to the decline of global economy, the profits of corporate are reducing.

2. The banks lend money without properly checking the background of the customers.

3. Loan recovery is difficult in India due to weak bankruptcy code.

4. There is no proper risk management in bank.

“Mission Indradanush” was introduced by the government to make the banking system more transparent and professional.

"