"HERMIT:'Doubtful Assets of Banks or
frankly speaking, the NPA Assets of PSU Banks are going to hamper
Indian Economic Growth heavily in the near future ahead.'
KING:'Provisioning for NPA Assets also has a limit. In some cases,
recovery of physical cash for NPA Assets is not always possible due
to some KYC related problems, improper subsidy management, etc. The
best option is to create a common CBS Software for all PSU and
Private Banks of India and it will be monitored and controlled by a
Banking Monitoring Cell of Reserve Bank of India.'"-Arindam Sain
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