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The Presidential Ordinance empowering the Reserve Bank of India (RBI) to enforce expeditious resolution of non-performing assets (NPAs) of banks should hardly come as a surprise. For several past weeks, Finance Minister Arun Jaitley has been hinting at this legal empowerment of the central bank to crack down on NPAs of banks, an area where recovery has been a painfully slow process.
But the jury is still out on whether these changes will make a significant dent on the magnitude of the problem – and if it does, how soon some positive results would flow in to make a
But the jury is still out on whether these changes will make a significant dent on the magnitude of the problem – and if it does, how soon some positive results would flow in to make a
