..........A Reserve Bank of India (RBI) calculation puts the depreciation figure for the public sector banks atRs.21,500 crore, based on their bond portfolio in June. Since then, yields have risen further. The gross NPAs of Indian banks in March 1994 were 19.07% and for the next seven years, till March 2001, they remained in double-digits. If the banks could survive that phase, they would definitely come out of the current crisis too. But at what cost? ...........
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