Bad loans of state-run banks at Rs 1.43 lakh cr
Agencies: New Delhi, Nov 22 2012, 20:10 IST
banks and this is reviewed during annual financial inspections of banks and monitored on an ongoing basis through regulatory returns submitted by banks and periodical meetings with banks.
"The government has advised public sector banks to take a number of new initiatives to increase the pace of recovery and manage NPAs," he added.
In a separate reply, Meena said India's external debt increased from USD 305.9 billion at end-March 2011 to USD 345.7 billion at end-March 2012."
At this level, the external debt remains at manageable levels as indicated by the Debt-GDP ratio of 20 per cent at end-March 2012 and the debt service ratio of 6 per cent of current receipts for 2011-12," he said.
The external debt increased marginally to USD 349.5 billion at end-June 2012, Meena added.
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