×
E-PAPER ▾

E-paper

Business

Mechanism soon to fix banking bad loan issue, says SS Mundra

| | New Delhi

RBI Deputy Governor SS Mundra on Thursday said a mechanism will be worked out soon in consultation with the Government to deal with the problem of mounting bad loans in the banking sector.

“It is difficult to put a time... It could be very near. My sense says there is so much of seriousness and engagement and so much of discussions have already taken place. It should not be something that which should be indefinite or very prolonged,” he said.

He was responding to queries related to bad loans in the banking sector during an interview to CNBC-TV18.

The gross NPAs of public banks rose to Rs 6.06 lakh crore in December 2016, from Rs 5.02 lakh crore at March-end of 2016.

Last month, Finance Minister Arun Jaitley had said a resolution was being worked out with the Reserve Bank that would put enough pressure on borrowers to settle dues.

He had blamed the bad loans of public sector banks on just 30-50 companies, saying accounts of these would have to be fixed to solve the issue.                

 
 
 

TOP STORIES

Sunday Edition

View All

Govt to unveil new Haj policy this month: Naqvi

13 Aug 2017 | TN RAGHUNATHA | Mumbai

Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi on said in Mumbai on Saturday that the Haj Policy-2018 — aimed at making the piligrimage process “transparent” and “smooth” — would be unveiled later this month. Speaking at the 22nd annual Haj orientation camp organised for Haj pilgrims at Haj House in Mumbai, Naqvi said that from the next year, the Haj would be organised as per to...

Read More

STATE EDITIONS

View All

GSI to look for limestone deposits in Raigarh dist

19 Aug 2017 | Staff Reporter | Raipur

The Geological Survey of India will carry out assessment of Limestone deposits In Laladhurwa-Jognipali Block of Raigarh district in Chhattisgarh. GSI last year took up assessment of limestone deposits at Birutola-Nawapara-Sohagpur Blocks of Kabirdham district in Chhattisgarh, officials stated...

Read More

Page generated in 0.9648 seconds.