RBI wants lenders to identify 'wilful defaulters' within 6 months
Wilful defaulters will not be eligible for restructuring of the credit facility.
Wilful defaulters will not be eligible for restructuring of the credit facility.
RBI’s financial stability report says the SMA share in retail advances for PSBs stood at 9.4% as of March 31, 2023
While NPAs have come off their FY18 peak, they still remain far from their all-time lows.
Out of the attached assets, ₹15,113 crore, which is 66.91% of the defrauded amount, has been restituted to public sector banks, finance ministry told Lok Sabha.
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.