NPA policy in 'default' category?

Last month, FM Jaitley told a business channel a policy change to that effect was just hours or days away

Bankers and industrialists are getting restless waiting for the much-hyped policy giving public sector bankers protection to take hard decisions on bad loans. Every week around the time of the Union Cabinet meeting, which is on Wednesdays, the buzz over an imminent decision gets louder, and then nothing happens. Airing frustration on the state of affairs, a top banker said, “The policy seems headed for the ‘default’ category, running the risk of becoming an ‘NPA’ (non-performing asset).” Last month, Finance Minister Arun Jaitley told a business channel a policy change to that effect was “just hours or days away”. The wait has only become longer since then.