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Govt, RBI have not agreed on bad debt cleanup plan: RBI deputy

Govt, RBI have not agreed on bad debt cleanup plan: RBI deputy

Thursday, April 20, 2017, 4:21 PM

The Indian government and the Reserve Bank of India had not yet reached an agreement on a new plan to clean up the record troubled debt accumulated at the country's lenders, S.S. Mundra, a deputy governor at the central bank, said on Thursday. It would be "difficult to put a timeline" on when consensus could be reached, but said it "could be very near," Mundra added.
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