Letter to BS: Confidence in PSBs is at a historically low level now

The high level of NPAs is due to combination of many factors and some of them are beyond the control of the banks. 

The credit committee decisions are taken based on the current market environment and it is not always that they hold right under all conditions which are fast changing in this increasingly globalised environment. The proposals received are not always straight-jacketed. Depending on the circumstances persisting at the time and, more particularly, considering the sector specific business outlook some deviations may required to be considered in the interest of the bank to keep the businesses going. Such deviations cannot,