There has been an increase in the credit flow to various sectors in the economy and this has thereby contributed to the increase in the non-performing assets of the bank. While it is clear that the amount of npa has a direct effect on the efficiency of the bank it is important to analyze if this has a relationship with the share price of the bank. Since the share price of a bank gives a partial idea about the peoples image of the bank it helps to understand if the public changes its opinion based upon the non-performing assets a banks owns. This paper aims to test the impact of the NPA on the share price of 10 banks for a period of 10 years. It also aims to find out if a relationship exists between the two variables.