PSU banks with over 5% bad loans may have to sell their loans to asset restructuring companies (ARCs) in future. The Reserve Bank of India (RBI) and the ministry of finance are considering the option of putting a cap at the maximum amount of bad loans that a bank can have on its books.
The finance ministry as well as the central bank are appalled at the rising level of bad debts of the PSU banks. According to latest figures, the 26 PSU banks of the country have clost to 5% NPAs on their books. If the amount of restructured loan is also tamkn into account, then the figure touches 10%.
The finance ministry as well as the central bank are appalled at the rising level of bad debts of the PSU banks. According to latest figures, the 26 PSU banks of the country have clost to 5% NPAs on their books. If the amount of restructured loan is also tamkn into account, then the figure touches 10%.
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