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March 2017 deadline for bank clean up still stands: RBI deputy governor
Published on November 17, 2016
New Delhi: RBI’s deputy governor N S Vishwanathan has reiterated that March 2017 still stands as the deadline for banks to clean up their balance sheets. Speaking to reporters on the sidelines of Infrastructure Finance summit in Mumbai, Mr. Vishwanathan said that increment in stressed assets is coming down.
Meanwhile, addressing the Summit, Mr.Vishwanathan said structuring of infrastructure financing has to be precise as these projects have long gestation periods. He informed that bad loans in the infrastructure sector are close to 16-17 per cent of the total advances.
