(TOI)
Emboldened by the Banking Regulation (Amendment) Ordinance, RBIis expected to put bad loans worth about Rs 8 lakh crore for resolution by March 2019, a move that could bring down the non-performing assets (NPAs) to acceptable level and significantly improve the financial health of banks as well, a study done by ASSOCHAMsaid.
“So, it should be safe to assume that the NPAs mess would largely be resolved by the first quarter of financial year 2019-20. This would be helped by a combination of several factors – turnaround in the economic cycle and some resolute steps by the government and the Reserve Bank of India to fix the issue,” ASSOCHAM study titled NPAs Resolution: Light at the end of tunnel by March 2019.
