Why are #Banks NPAs rising?

Best And Worst Performance Banks By NPA
In this quarter banks have delivered a poor set of quarterly results (Q3 2016) which was largely based on non performing assets(NPAs) as most of the banks have seen a sharp deterioration in their asset quality or what is called rising NPAs or non performing assets.  When the principal and interest on loan borrowed is not paid for three consecutive months or 90 days, then it becomes a non performing asset for a bank or financial institution. The RBI governor in his latest speech said that " Banks need to do deep surgery such as restructuring or writing down loans, the bank has to recognize it has a problem - classify the asset as a Non Performing Asset (NPA)" Think therefore of the NPA classification as an anesthetic that allows the bank to perform extensive necessary surgery to set the project back on its feet. If the bank wants to pretend that everything is all right with the loan, it can only apply band aids - for any more drastic action would require NPA classification, Rajan said.
Banks with Best NPAs for December Quarter
Bank  Name                            Gross NPA        Net NPA
HDFC Bank                              0.97 %              0.29 %
Kotak Bank                              2.30 %               0.36 %
Yes Bank                                 0.66%               0.61%
IndusInd Bank                          0.82%               0.33%
Banks with highest and worst NPA
Bank Name                              Gross NPA        Net NPA
State Bank of India                   5.10%               2.89%
ICICI                                       4.72%               2.28%
PNB                                        8.47%               5.86%
IOB                                        12.64%              8.32%
Central Bank of India                8.95%               5.30 %
Bank of India                           8.18%               5.25%
Why Are NPAs of Banks Rising?
The Reserve Bank of India has directed banks to classify as NPAs, any accounts that were also looking a little more stressed. This led to a host of bank classifying their assets as NPAs in this quarter. There is a possibility that the next quarter would also be equally bad, if not worse.

How far this NPA problem could go, nobody seems to know. How many skeletons are there is in the cupboard, you can just keep guessing.
It is as obvious as daylight, when you compare the NPAs of private and public sector banks that it is the political-business nexus which is responsible for the rise & rise of NPA in the public banking space. One can easily surmise that public money is being looted to fill the coffers of big businessmen & their political masters. Only a revolt by taxpayers & economists with intellectual honesty who can break this unholy alliance.

Also, one needs to ask the RBI Governor what aggressive & positive steps the Bank Managers are taking to recover this loot? What has happened to the naming and shaming of the fraudsters? Possibly they are busy playing IPL a la Mallaya !!!