Eye on India: Resolving India's NPA mess

Staring at a record USD 145 billion in stressed loans in FY18, the Indian banking sector is facing a crisis of confidence in capital forcing the government and the regulator to go back to the drawing board to find a solution.

June 19, 2018 / 18:28 IST

Staring at a record USD 145 billion in stressed loans in FY18, the Indian banking sector is facing a crisis of confidence in capital forcing the government and the regulator to go back to the drawing board to find a solution. After a meeting with top bankers, the interim Finance Minister, Piyush Goyal announced the setting up of a committee to look at the possibility of creating an asset reconstruction or an asset management company to house big ticket bad loans.

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first published: Jun 19, 2018 06:28 pm

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