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Our Bureau

Visakhapatnam, Dec. 22

The Thrissur-based Dhanalakshmi Bank has launched a concerted drive to reduce its NPAs during the current fiscal to below one per cent by March, according to Mr V.S.R. Murthy, Executive Director. Mr Murthy, on a visit to deliver a lecture at the Dr N.S Kolla School of Business, said that at the end of 2005-06 the bank's gross NPAs stood at 9.7 per cent. They have been brought down to 6.32 per cent currently. The net NPAs, which were at 4.48 per cent, have been brought down to 2.12 per cent this year.

"We want to bring it down to less than one per cent ." He also said that the bank was focusing on recovering NPAs in the range of Rs 1-10 lakh and was pursuing one-time settlements aggressively. "We have recovered Rs 2.5 crore till now in that range and by March we want to recover Rs 10 crore."

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