RBI identifying defaulters for insolvency can hurt banks’ balance sheets- Neha Malhotra

Empowered by the new NPA ordinance, the RBI on Tuesday went into fire-fighting mode, identifying 12 big defaulters for insolvency. The RBI’s Internal Advisory Council (IAC) recommending these accounts — constituting a fourth of the system’s bad loans — for immediate resolution is no doubt welcome.

Neha Malhotra, Executive Director shares her views on aforementioned story for Hindu Business Line.