5. Comment on the problem of rising Non Performing Assets (NPAs) in India, with particular reference to public sector banks. Examine the effectiveness of the steps taken by the government in recent times to deal with this problem.

Approach:

♤ Briefly highlight the NPA problem of India and its causes.

♤ Discuss in detail how PSBs are affected by NPA and its implication on Indian economy.

♤ Mention steps taken by government to deal with the problem.

♤ Discuss the effectiveness of these steps.