Wednesday, February 6, 2013

Regulatory forbearance on NPAs must never be a permanent feature

......The Reserve Bank of India (RBI) has done well to accept the broad thrust of the recommendations of the expert group set up to look into prudential guidelines on restructuring advances. The committee had suggested a phased end to regulatory forbearance (central bank-speak for turning a Nelson's eye to impaired bank assets). ...........

No comments: