Npas Seen Doubling If Adjusted For Global Norms

The effective non-performing assets (NPAs) of Indian banking industry, adjusted for internationally comparable norms, could be double from the reported figure of 4.5 per cent as of March 31, 2003, Fitch Ratings has said.

It also said that the shift in NPA classification to the 90-day norm from March 2004 could raise NPAs by 3 per cent.

In a special report titled