RBI has no plan to issue next defaulters list


New Delhi, June 16: Reserve Bank of India (RBI) finds 12 accounts with 25 per cent of non-performing assets (NPAs).

It has no plans for new list to come out.

“If you look at it (NPAs), RBI had a detailed circular. Twelve cases have been referred for resolution by Insolvency and Bankruptcy Code (IBC). Other (bad loan) cases, banks are encouraged to resolve in six months’ time,” RBI Deputy Governor S.S. Mundra said.

“Where is the question of quickly coming out with the second list,” he said.

Mundra said in the Bankers Borrowers Business Meet 2017, organised by the Associated Chambers of Commerce and Industry of India (Assocham).

Wefornews Bureau

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