 "N S Vishwanathan")
The Reserve Bank of India (RBI) is working on a corporate governance structure for banks in line with Basel norms, but the Indian version would likely be tougher in recognising bad loans, said RBI Deputy Governor N S Vishwanathan in his keynote address at the Business Standard Annual Banking Forum.
“In the past we had a situation where the additional NPA (non-performing asset) assessed by the RBI was not made public. Because of the Basel committee recommendations, lots of disclosures are now required, but we need to go beyond those,” the most senior RBI deputy governor said.
“The effort should
