Statement:The non-performing assets in the banking sector in India stand at a staggering Rs. 80,574 crores for the year ending 2001. The biggest defaulters in paying up the loans to the loans to the banks are the major players in the Indian corporate sector. If this trend continues, the banking sector would be severely hit.Courses of Action:I. The banks should stop lending money to the corporate sector.II. The banking sector should, henceforth, exercise extreme prudence while sanctioning loans.III. All efforts, including legal recourse, should be made to recover the outstanding loans.