KOLKATA, DEC 7:
Dr Subir Gokarn, Deputy Governor, Reserve Bank of India, on Friday said there is some macroeconomic cyclical influence on the pattern of non-performing assets (NPAs) in the Indian banking system. However, the NPAs would start fading once the business cycles start to turn. “Clearly there is some macroeconomic cyclical influence on the pattern of NPAs. But as the business cycle starts to turn that should fade away,” he said while speaking at a leadership summit organised by the CII-Suresh Neotia Centre for Excellence here today.............
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