Parliament panel discusses NPA issue with RBI governor, bankers
Updated : April 11, 2018 11:45 AM IST
the bankers told the panel that the 'one-day' default provision for NPA classification as per the latest RBI circular was too harsh and that it should be made more practical.
Several bankers apprised the Committee on Subordinate Legislation of Rajya Sabha about different aspects of non-performing assets and the efforts being made to tackle the menace.
Top officials of about 16 public sector banks attended the meeting, which lasted for over three hours.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more