1. No plan to issue next list of defaulters any time soon: RBI

No plan to issue next list of defaulters any time soon: RBI

Following the Reserve Bank of India (RBI) identifying 12 accounts that are responsible for 25 per cent of non-performing assets (NPAs), the central bank on Friday said it has no plans to come out with a next list any time soon.

By: | New Delhi | Published: June 16, 2017 3:19 PM
rbi, reserve bank of india, defaulters list by rbi, rbi defaulters list, rbi defaulters next list, next defaulters list, list of rbi defaulters, list of defaulters issued by rbi Mundra was speaking on the sidelines of the 3rd national summit — Bankers Borrowers Business Meet 2017 — organised here by the Associated Chambers of Commerce and Industry of India (Assocham). (Reuters)

Following the Reserve Bank of India (RBI) identifying 12 accounts that are responsible for 25 per cent of non-performing assets (NPAs), the central bank on Friday said it has no plans to come out with a next list any time soon. “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 was speaking on the sidelines of the 3rd national summit — Bankers Borrowers Business Meet 2017 — organised here by the Associated Chambers of Commerce and Industry of India (Assocham).

  1. C
    Chandrasekhar
    Jun 19, 2017 at 6:41 am
    Why should he assure that next action is not in the near future? has he become a politician? such assurances only make the borrowers stubborn and dishonest.
    Reply

    Go to Top