The RBI's oversight committee (OC) is likely to get special powers to resolve NPAs. So far, the OC does not have authority to resolve NPAs. The OC was set up under the scheme for sustainable structuring of stressed assets (S4A) to oversee the loan restructuring process in a transparent manner.
Further, News18 has learnt that the framework for resolving the NPAs will tackle the top NPAs first, rather than a generic approach aimed at resolving all NPAs. Multiple people indicated that the resolution of NPAs is the single most important economic issue facing the government. Unless it is resolved, the investment cycle will not revive.
No comments:
Post a Comment