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<h1>Gross NPAs of nationalized banks reached Rs.73,038 crore (2.94%); recovery channels and supervisory measures urged.</h1> Gross NPAs of nationalized banks were Rs.73,038 crore (2.94% of Gross Advances) as of June 2012. Banks must monitor NPAs and pursue recovery; the RBI supervises NPA levels via inspections, regulatory returns and meetings. Recovery channels include the Securitization and Reconstruction Act, Debt Recovery Tribunals and Lok Adalats. The Government directed Public Sector Banks to appoint nodal recovery officers, run special recovery drives, implement early warning systems and replace post dated cheques with electronic clearing.