 "RBI to come out with measures to address asset quality in banks: Takru")
The Reserve Bank of India will come out with measures to address asset quality issues in banks, said Rajiv Takru, secretary, financial services in the finance ministry today.
"We are all worried about the asset quality and it is being addressed," Takru said after attending the central bank's board meeting.
"The RBI will come out with measures and banks will have to follow," he added.
Public sector banks have a higher share in both NPA and debt recast as compared to their private sector counterparts.
"We are all worried about the asset quality and it is being addressed," Takru said after attending the central bank's board meeting.
"The RBI will come out with measures and banks will have to follow," he added.
Also Read
Non-performing assets in the banking sector are increasing sharply amid slowing economic growth. Rise in NPAs along with higher provisioning requirement for restructured loans, as mandated by the banking regulator, has impacted the profitability of banks.
Public sector banks have a higher share in both NPA and debt recast as compared to their private sector counterparts.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%