This is a reflection not only of higher equity prices but also of the steadily rising total number of enterprises listed on the stock exchange. A major contribution to this development has been made by the Neuer Markt (new market) of the Frankfurt stock exchange. This is where young, innovative enterprises obtain access to risk capital.
The Board of Directors has to decide a strategy on NPA management keeping in view the regulatory norms, the business environment, the asset profile, the available resources, etc. The strategy should be reflected in Board approved policies and procedures to monitor implementation. 8.