Non-functional debt soar to Rs 576 billion

Non-functional debt soar to Rs 576 billion
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Summary The non-functional debt of banks reached Rs 576 billion, a State Bank report revealed.

According to a State Bank report, at the end of March 2011, the non-functional debt reached Rs 576 billion.In the first nine months of the last fiscal year, non-functional debt rose by Rs 117 billion.The investment volume of banks increased to 28% while the deposit volume went up by 14% during the first nine months of last fiscal year.