Rectify spike in NPAs: RBI orders banks

....."Concerns (on NPA) are there. Banks have to improve their ability to manage NPAs. We have told banks what is their lacuna. They have to improve their information system. But we see that the situation is not alarming. Though this is our concern. Hope banks will be able to manage them," Deputy Governor K.C.Chakrabarty told reporters on the sidelines of a function organised by Yes Bank here.....

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