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Indian banks may be able to “deprovision” as they recover -Arun Jaitley

Indian Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to "deprovision" some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

By: | New Delhi | Updated: September 16, 2016 2:32 PM
FM Arun Jaitley, Arun Jaitley, Jan Dhan accounts, Pradhan Mantri Jan Dhan Yojana Jaitley, addressing a news conference after meeting top bankers in New Delhi, also said he hoped banks would “gear up” to the point where they would be able to transmit cuts in policy rates by the Reserve Bank of India. (File PTI Photo)

Indian Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to “deprovision” some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

Jaitley, addressing a news conference after meeting top bankers in New Delhi, also said he hoped banks would “gear up” to the point where they would be able to transmit cuts in policy rates by the Reserve Bank of India.

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