Deputy Governor of the Reserve Bank Anand Sinha today said that the burgeoning non-performing assets in the banking system was not a systemic issue but only a reflection of the economic stress being faced. "Whenever there is stress on the economy, both global and Indian, that is bound to reflect on the banking system. But I will not call it a systemic issue," Sinha told reporters on the sidelines of a conference here. Sinha's comments come a day after Finance Minister Pranab Mukherjee said that the NPAs have grown at "an uncomfortable and unacceptable rate" in the last two years and asked banks to tread cautiously because of the risks involved................
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