"This time the government is serious and they are going to come up with some measures for non-performing assets (NPAs)", Siddharth Purohit, Senior Research Analyst at Angel Broking told CNBC-TV18.
A lot of provisions are yet to be done under already recognised NPAs, he said.
There should be more clarity and authority on part of the PSU banks’ managers regarding how much haircut can be taken and how the regulation process could come up.
Joint Lenders' Forum (JLF) has not worked very well. It has led to delaying certain resolutions of particular NPAs, he added.
"I believe that private banks still are better compared to PSU banks and we still are sticking to the large private banks at this moment", he further mentioned.
He prefers ICICI Bank and Axis Bank at this moment.
For full discussion, watch video...
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