Managing Non Performing Assets in Indian Banking Industry

An indigenous banking industry had prevailed in India since ancient times, with some communities being traditionally involved. These communities mostly ran huge businesses apart from their small banking business. They dealt mainly in money lending, did not accept deposits from customers, and discouraged savings.

The Western type of banks came into the picture in the late 18th century in India when the Bank of Hindustan was established in 1770 in Calcutta (now Kolkata) in eastern India...