Congress on Monday said Non-Performing Assets (NPAs) through phone calls were generated during NDA rule as it increased from 6.4 per cent to 9.4 per cent in MSME sector in the past three years.

In a no-holds-barred attack on Congress and its chief Rahul Gandhi, Prime Minister Narendra Modi on Saturday accused "one privileged family" of being responsible for the huge scam in bank loans through "phone banking" during the UPA regime and vowed to bring back every rupee that has been caught in NPAs.

A major deadline in the process of resolving the country's most pressing corporate and banking problem of NPAs, or bad loans, is ending on Monday with the RBI having set a six-month time frame for finalising resolution plans for around 70 large stressed accounts worth over Rs 3.8 lakh crore.

State-run State Bank of India (SBI) on Friday reported a major loss of Rs 4,876 crore for the first quarter ending June, caused by higher provisioning on account of its accumulated non-performing assets (NPAs), or bad loans.

The total gross non-performing assets (NPAs) of public sector banks quadrupled to Rs 8.45 lakh crore in the last four years, Union Minister of State for Finance Shiv Pratap Shukla told Lok Sabha on Friday.

According to the lender, its net profit during the quarter under review rose to Rs 936.25 crore -- up 24.72 per cent -- from Rs 750.64 crore reported for the corresponding period of last fiscal.

The Reserve Bank of India (RBI) has initiated "prompt corrective action" (PCA) on state-run lender Bank of Maharashtra in the view of its high non-performing assets (NPAs).