......Elaborating on just a few of the above, the RBI report points out that the asset quality of banks is an important indicator of their financial health. It also reflects on the efficacy of their credit risk management and recovery environment. Not surprisingly, the asset quality of banks decreased significantly during the year .The level of stressed assets (both NPAs as well as restructured assets) went up. Banks should strengthen their due diligence and also follow whatever guidelines the RBI and the Government have formulated to mitigate this pressing problem. Credit appraisal and post-loan monitoring are other crucial steps which need to be improved upon. The report makes a number of suggestions to spruce up..........
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