Bad assets ‘keep me awake at nights’ – RBI deputy governor
Reform proceeding at a “glacial pace”, says Viral Acharya
The problem of non-performing assets (NPAs) at publicly owned Indian banks “[keeps] me awake at nights”, says, Viral Acharya, deputy governor of India’s central bank, in a speech published on September 7.
Indian policymakers have “created a due process for stressed assets to resolve”, says the Reserve Bank of India deputy governor in the speech, which was given in Mumbai. “But there is no concrete plan in place for public-sector bank balance sheets.”
India’s retail banking sector is dominated
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