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RBI promises more effective steps to tackle NPA pains

RBI promises more effective steps to tackle NPA pains

Thursday, April 6, 2017, 8:53 PM

The RBI has introduced a slew of instruments to tackle the NPA menace, which has crossed 9.5% of the system. The Reserve Bank said even though there have been a few positives on the bad loans front the current level of dud loan resolution is untenable as there has been a deterioration in the NPA situation, and promised new measures to tackle the pain.
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