The Reserve Bank Of India meets with the senior officers of the bank for the discussion for tackling the issue of the stressed assets, and they reported for PTI. The meeting was attended by the various heads of IDBI Bank, Axis Bank, ICICI Bank, HDFC Bank, Canara Bank, Standard Chartered Bank and the senior officers of the SBI and The Bank Of Baroda were also attended the meeting.
The RBI has focused on the resolution of stress loans and giving their sought views and suggestions to recover the bad loan problem.
The bank non performing assets was risen up at 17 % of total loans which are among the highest major economies and 8% is of the GDP rate.
The Reserve Bank Of India has also clarified its power in the NPA ordinance and they also formed the committee (OCs) and they framework for the reference of the Insolvency Code (IBC) total stressed assets rise at 15% of the total loans and it remains weak for the 12 months by march 2018.
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