Apropos “PSU banks more prone to frauds, says RBI’s financial stability report” (June 27). It is a matter of grave concern that the health of many banks is deteriorating with rising non-performing assets (NPAs). The situation is a serious threat to the security of depositors’ money in banks. Already the interest on banks deposits is low. To make matters worse, even this cannot be fully pocketed by the depositors since a portion of it has to be earmarked as Income Tax.
The reason for the accumulating NPAs can be traced to loans given to high-profile people without adequate collateral security. While
