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Deadline for banks to clean up their balance sheet stands at March 2017 - RBI
Posted on: 16/Nov/2016 2:28:05 PM
The Reserve Bank of India has confirmed that it will stick to its deadline of March 2017 to clean up balance sheets of banks. Non returning of bank loans are creating a great impact on the country’s economics. Former RBI governor Raghuram Rajan had taken a tough approach to clean up banks’ balance sheets. Reserve Bank deputy governor N S Vishwanathan on Tuesday said the deadline for banks to clean up their balance sheet stands at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with nonperforming assets.
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