39. Banking sector reforms have proceeded apace in a phased manner over the past decade. However, the problem of non-performing assets with banks has continued. Special attention is being paid to recovery of NPAs:

l Public Sector Banks have recovered Rs 800 crore of NPAs from 2 lakh accounts in 2000-01.

l Net NPAs as percentage of net advances were almost half at
7.4 per cent in 1999-2000 compared to 14.5 per cent in 1993-94.

l 22 Debt Recovery Tribunals (DRTs) and 5 Appellate Tribunals have been established.

l 7 more DRTs will be set up during 2001-02.