.............According to government sources, the RBI is willing to consider the reschedulement of agri loans only if the government agrees to arrange for the repayment within one year. The expert panel constituted by the AP government met RBI Governor Raghuram Rajan on Wednesday to ask for rescheduling. However, no clear assurance came from the RBI even though one of the panel members, when contacted, said the regulator was in principle agreeable to the reschedulement............
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1 comment:
The posture of the RBI on loans is well anticipated. Even agreeing to rescheduling should be considered a deviation from the normal practice. Agricultural loans become overdue only when the loans remain unpaid continuously for two successive crop seasons. The Banks have not put out in public domain nor did the State governments of AP and Telangana as to how many borrowers would have not repaid two successive crop loans or two installments continuously on the agricultural term loans that became coincidental to the crop loan dues. As on 3oth September 2014, the NPAs in Agricultural segment of the then combined AP was just Rs.3800crores!!
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