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Empowered by the new NPA ordinance, the RBI on Tuesday went into fire-fighting mode, identifying 12 big defaulters for insolvency. The RBI’s Internal Advisory Council (IAC) recommending these accounts — constituting a fourth of the system’s bad loans — for immediate resolution is no doubt welcome.

Neha Malhotra, Executive Director shares her views on aforementioned story for Hindu Business Line.

Neha Malhotra RBI Identifying