Gross NPA ratio of banks declined following early resolution of stressed assets: RBI

Reserve Bank says early recognition and resolution of stressed assets have helped banks contain their Gross Non-Performing Loans ratio at 9.1 percent down from 11.2 percent a year before. AIR correspondent reports that the RBI said the steadfastly pursued recognition, repair and resolution has resulted in the gross NPA ratio declining. The initial teething difficulties, the insolvency and bankruptcy code is proving to be a game-changer. The report has added that recoveries have gradually improve...