Reserve Bank Governor, Raghuram Rajan ha sexpressed concern over the whopping increase in the Non Performing Loans of the banking sector.He added that there are concerns about the effect on banking system and on tax payers. A recent IMF report said the domestic banking sector was in trouble with a whopping 36.9 per cent of the country’s total debt being at risk.

According to Crisil Ratings report total bad loans or gross performing assets of Indian banks will rise by a Rs. 60,000 crore to Rs. 4 lakh crore in the financial year 2015-16.

c