The 16th State Conference of the Canara Bank Workmen Employees’ Union’s (CBWEU) Andhra Pradesh State Committee was held here on July 23 (Sunday).
Addressing the gathering, All India Bank Employees’ Association (AIBEA) secretary B.S. Rambabu said the real problem confronting the banking industry was non-performing assets (NPAs).
The NPAs were eating into the very vitals of the sector. The hard-earned profit of the Public Sector Banks was being spent on provisioning and writing off bad debts, he said.
