"I would take it (drop in March quarter NPAs) only as an initial indicator. At times, when you try to revive the economy, some indicators can always be patchy...I am not drawing any final conclusion from this," Jaitley said.
"If this pattern continues over 2-3-4 quarters, then I will draw a conclusion that there is a pattern. I am keeping my fingers crossed," he said.
Addressing a press meet on one year of the Modi government, he said: "A good signal has emerged that the quarter that ended in March 2015, NPAs have started coming down... This is the first quarter, NPAs in banks were increasing, they have started coming down."
Non-performing assets or bad loans of the total advances had reached a high of 5.64 per cent but period ending March "it has come down to 5.2 per cent...these (5.2 per cent NPA) are also high", he said.

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