Go after big fish if concerned about NPAs: Supreme Court to PSBs
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New Delhi, Sept. 1 -- The Supreme Court, on Tuesday, said public sector banks should focus their energy on recovering loans from "big fish" and "big corporate debtors" instead of running after those who have petty loans of a few thousand rupees.
"You should focus on catching big fish. If you are really concerned about rising NPAs (non-performing assets) of the public sector banks, concentrate on big corporate debtors...not on such small loanees," a bench, headed by Justice Dhananjaya Y Chandrachud, told Canara Bank.
Loans are deemed non-performing once they are left unpaid for at least 90 days beyond the due date and borrowers are likely to default on these debts.
The bench, which also included justices MR Shah and Hima Kohli, was hear...
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