Sub-standard asset:An asset which has remained NPA for a period less than or equal to 12 months.Doubtful Assets:An asset which has remained in the substandard category for a period of 12 monthsLoss Assets:A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection but the amount has not been written off wholly
During 2007-08, scheduledcommercial banks, both in the public andprivate sectors, raised significantly higherresources from the domestic primary marketas compared with the previous year.In view of goodperformance of banking scrips in thesecondary market, strong financial results ofbanks, the need to raise capital in the face ofthe ensuing Basel II norms and tightening ofprudential norms
Slowdown in GDP growth, particularly industrial growth and sharp rise in domestic inflation appeared to have adversely affecting the bankingstocks.Banking sector stock also came under pressure due to concerns over the global financial turmoil.