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‘Rs.8 L cr NPAs may face bankruptcy proceedings by Mar 2019’

Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs.8…

PTI | New Delhi | July 16, 2017 11:42 am

‘Rs.8 L cr NPAs may face bankruptcy proceedings by Mar 2019’

(Photo: Getty Images)

Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs.8 lakh crore by March 2019, a move that could bring down the NPAs and improve the financial health of banks, a study by Assocham said.

“So, it should be safe to assume that the non-performing assets (NPAs) mess would largely be resolved by the first quarter of financial year 2019-20,” Assocham study titled 'NPAs Resolution: Light at the end of tunnel by March 2019' said.

This would be helped by a combination of several factors turnaround in the economic cycle and some resolute steps by the government and the Reserve Bank of India to fix the issue, it said.

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