The study, which raises serious concerns on deteriorating asset quality of banks, found that slippages on NPAs show no signs of abating in 2014.
"The situation is further expected to deteriorate as non-performing assets (NPAs) are expected to further grow and reach Rs 1,50,000 mark by end of FY14 because there is a lag effect on asset quality in relation to the state of the economy," the study said.
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Gross NPAs as on September 30, 2013 stood at Rs 2,29,007 crore, 27% higher as compared to Rs 1,79,891 crore as of March 31, 2013 for 40 listed banks, the study showed.
Public sector banks are facing more problems than their private sector counterparts. The NPAs in public sector banks are growing due to external as well as internal factors, the study said.
"There are many other causes which are also responsible for accumulation of NPAs like faulty credit management, lack of professionalism in the workforce, unscientific repayment schedule, mis-utilisation of loans by borrower, lack of timely legal solution to cases, political interference at local levels and waiver of loans by government," the study said.
"Public sector banks share a disproportionate burden of the restructured accounts. An area of great concern is that at some point of time some of the restructured assets would slip to NPA," Assocham Secretary General D S Rawat said.
Restructured accounts have grown at a compounded annual growth rate of 47.86% in public sector banks. The corresponding figures for private sector and foreign banks are 8.12% and 25.48% respectively, the study said.
According to RBI data, net NPA of the 26 public sector banks rose to 2.02% during 2012-13 as compared to 1.53 in the previous fiscal. Net NPA of new private sector banks rose marginally to 0.45% as compared to 0.42%.