If banks have the right to bold decisions, then NPA improves

0
0

The NPAs of the country’s banks have exceeded seven lakh crores.

May 24, 2017, 12.37 PM IST

Atmadeep Ray

Mumbai / Kolkata

The Reserve Bank of India has decided to give authority to the over-site committee and expand its functioning, even if it has started solving the problem of NPAs of Indian banks, but more clarity is needed on the new instructions. Without this, this attempt will remain as an attempt to solve the problem, it is unlikely to be solved.

A PSU banker said, ‘We are still waiting for working instructions. Only then we will be able to understand how the regulator is asking to solve the problem of NPA. He said, ‘We know that the over-site committee will take measures to improve the matter, but will the bankers be able to do so.’

MB Mahesh of Kotak Institutional Equities said, “At first glance nothing seems to happen with this new directive. We will wait for the process to be implemented and assess its success in a few years. The success of the process will be judged only.

On Monday itself, the RBI had also announced to renew the oversight committee and expand the committee to deal with the growing NPA (non performing assets) cases. The NPAs of the country’s banks have exceeded seven lakh crores.

Former President of the Institute of Company Secretaries of India, Mamta Binani said, “The measures that are being taken to deal with the problem so far are insufficient. The government will have to intervene in this. Recovery of NPA will be difficult in the kind of crisis going on in the business and banks will have to give rights to the committee to take bold decision.

Topic

PSU

OC

reserve bank of india & rsquo

Credit rating

NPA

Related news

Swadeshi Jagran Manch opposed disinvestment in PSU

PSU banks earned ₹ 1,996 crore due to your small mistake

Why did PSU banks not slip?

PSU bank disbursed ₹ 2.52 lakh crore of loans in October

Buyback can relieve the pain of many PSU investors

.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here