Loan growth of banks and initiatives taken by the Government to improve he asset quality of banks

Loan growth of banks and initiatives taken by the Government to improve he asset quality of banks https://www.taxtmi.com/news?id=18457 Public sector banks' concentrated impairments in sectors like infrastructure, steel and textiles have restrained system credit growth and prompted portfolio rebalancing. The Government and central bank have enacted statutory and regulatory measures to restore asset quality: the Insolvency and Bankruptcy Code to improve recoveries and an amendment empowering regulator directed resolution, alongside supervisory tools including the Prompt Corrective Action framework, Income Recognition and Asset Classification norms, and multiple restructuring schemes and lender forums to manage stressed assets. en-us Fri, 21 Jul 2017 17:42:38 +0530 Fri, 21 Jul 2017 17:42:38 +0530 TaxTMI RSS Generator Loan growth of banks and initiatives taken by the Government to improve he asset quality of banks https://www.taxtmi.com/news?id=18457 Public sector banks' concentrated impairments in sectors like infrastructure, steel and textiles have restrained system credit growth and prompted portfolio rebalancing. The Government and central bank have enacted statutory and regulatory measures to restore asset quality: the Insolvency and Bankruptcy Code to improve recoveries and an amendment empowering regulator directed resolution, alongside supervisory tools including the Prompt Corrective Action framework, Income Recognition and Asset Classification norms, and multiple restructuring schemes and lender forums to manage stressed assets. News - Fri, 21 Jul 2017 17:42:38 +0530 https://www.taxtmi.com/news?id=18457