Delay in recognition of NPAs bad for financial health of banking sector: RBI

RBI noted that the recognition of past bad loans has “neared completion” in the reported fiscal year on the back of the asset quality review exercise undertaken by it in 2015 and the subsequent implementation of the framework for resolution of stressed assets. “Going ahead, this framework is expected to induce timely recognition of stressed assets,” RBI said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZndgmQ