........The point to note is that most banks, particularly in the public sector, have been showing a secular growth in bad assets, although the bad loans data, both in percentage terms as well as in absolute numbers, do not provide the correct picture. This is because banks have been restructuring many of their stressed loans, which is not reflected in their NPAs. If one-fourth of such restructured loans turn bad, gross NPAs of many more banks will cross 5%. At least for a few of them, it could inch towards double digits.............
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