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.
RBI identifying defaulters for insolvency can hurt banks’ balance sheets- Neha Malhotra
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