RBI approves new method for restructuring stressed loans
Indian banks will be able to split some of their largest stressed loans in two under new rules
Indian banks will be able to split some of their largest stressed loans in two under new rules announced by the country's central bank on June 13.
The elevated level of non-performing assets (NPAs) is a concern for the Reserve Bank of India (RBI). The gross NPA ratio has ticked up steadily in the past few years, reaching 5.1% in September 2015. It may be rising further.
RBI governor Raghuram Rajan warned in February that fixing the problem might require "deep surgery". The aim, he said then, was
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