India Must Urgently Resolve Bad Debt says RBI Deputy Governor
Wednesday, February 22, 2017, 12:06 PM
Deputy Governor of RBI Viral Acharya, said India needs to urgently address the large amounts of bad debt held by its lenders. Potential solutions include the creation of public or private agencies, to buy the loans which have gone bad. Banks would first need to identify their 50 largest stressed exposures by December 31, 2017 and the rest by mid-year 2018.