<h1>Finance Minister Urges Banks to Support Genuine Defaulters, Tackle NPAs, and Comply with Basel III Norms.</h1> The Union Finance Minister emphasized the importance of ensuring credit flow to all industry sectors and urged banks to adopt a sympathetic approach towards genuine defaulters while being strict with willful defaulters. During a parliamentary meeting focused on non-performing assets (NPAs) in public sector banks, it was noted that NPAs are influenced by economic performance, with current rates at 3.84%. The government has allocated Rs. 14,000 crore for bank recapitalization, and banks are adhering to Basel III norms. Suggestions were made to differentiate between genuine and willful defaulters and address issues like misuse of corporate debt restructuring.