Giving more power RBI an important step; implementation face challenges: Fitch


Giving more power RBI an important step; implementation face challenges: Fitch

Recent actions of the Reserve Bank of India (RBI) in solving the non-performing assets problem is considered as a concerted push, Fitch Ratings said.

Fitch Ratings, in its report on Friday, said, “We believe that asset resolution will be a dominant theme in the sector over the next few years.”

“The increased powers given to the Reserve Bank of India (RBI) to clean up asset quality, and to intervene in banks at an earlier stage when risks build, represents an important positive step toward ensuring a healthy banking system in the future,” Fitch said. Read More…

 

 

Credit By: Zee Biz

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