Wednesday, February 15, 2012

RBI to meet banks soon on issue of rising bad loans

Worried over rising bad loans in certain sectors, RBI today said it will discuss the issue with banks soon."Stress sectors are well known, the issues which are there. But we don't think there is a great concern as of now," Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty said on the sidelines of an event here. "But any how we are going to discuss ( NPA issue) with the banks in the coming day. We are going to meet banks during this month or first week of March," he said. Banking sector, however, has some difficulty with regard to loans to aviation sector.
Source: Economic Times

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