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State-run lenders may need more capital, says RBI deputy governor

S S Mundra said there was no specific timeline set to identify additional loan defaulters

Reuters  |  New Delhi 

Reserve Bank of India (RBI) Deputy Governor S S Mundra said on Friday state-run lenders may need more capital beyond the budgeted total allocation of Rs 70,000 crore ($10.84 billion) in the four financial years through March 2019. Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings. The RBI this week had identified 12 of the largest loan defaulters and said creditors must pursue bankruptcy ...

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First Published: Fri, June 16 2017. 14:34 IST
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