Ripples advisory, RBI to soon start picking bad loan cases for action

Armed with additional legislative powers, the RBI will soon start identifying cases for resolution of non-performing assets in consultation with IBA for necessary action, a senior government official said as per the PTI report.

The government will not get into individual cases as it has already given authorisation to the banking regulator RBI to resolve NPA cases through the ordinance passed last week, the finance ministry official said.

"The cases which have already been examined by the joint lenders' forum (JLF) but have not reached logical conclusion after that... Such cases would be taken up by the RBI and the regulator can direct banks for resolution," the official said.

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