Which of the following statement about the problem of NPAs Non performing Assets in India is incorre...........

Economic Affairs Types of Banks and Banking

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Which of the following statement about the problem of NPAs (Non-performing Assets) in India is incorrect?

Of all sectors in economy, textile, aviation, mining and infrastructure contribute to most of the NPAs.

Public Sector Banks have higher NPAs compared to private banks.

Priority sector lending is the major contributor to NPAs as most of the loans advanced under it are unviable.

Higher NPAs make it tough for banks to achieve Basel norms.

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Explanation:

..The Reserve Bank of India (RBI) has said that about 36% of the overall 4.1% bad assets in the system have been created by six sectors of the economy—infrastructure, metals, textiles, chemicals, engineering and mining.
It also said the contribution of mandatory priority sector loans to the overall bad assets have come down during the last fiscal.
the state-run banks are the chief sources of stress. But the gross NPAs of private banks increased 39% to Rs 1,16,334 crore, compared with a 34% growth to Rs 10,15,219 crore for state-owned banks.