The problem of NPA’s will further increase as RBI declared eight consortium accounts of Axis Bank as non-performing assets (NPA). The order came after the Reserve Bank has directed certain reclassifications in the lender's asset classification and provisioning as on March 2017, subsequent to the annual Risk Based Supervision (RBS) exercise conducted for 2016-17. As a result of this direction 9 standard accounts of Axis bank had to be classified as NPA, out of which 8 accounts are part of consortium lending. In the financial world, a consortium refers to several lending institutions that group together to jointly finance a single borrower. This decision has prompted other lenders of the consortium to take protective measures as they are also now exposed to risk associated with the loans of these accounts. The total amount of money associated with these accounts stands at about 40000 crore. This will further increase the pressure on banks who are already tackling with the 8 lakh crore NPA’s burden.