 "RBI to meet banks to discuss bad loans, restructuring")
Mumbai: The Reserve Bank of India will meet banks on 29 February or 1 March to discuss the bad loans situation in the banking industry, Deputy Governor KC Chakrabarty said on Friday.
Indian banks have been witnessing higher delinquencies following the slowdown in growth, prompting the central bank to meet bankers to gauge any potential systemic risks to the banking system.
[caption id=“attachment_224018” align=“alignleft” width=“380” caption=“The RBI will meet banks to discuss loan restructuring and bad loans.”]  [/caption]
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At its January policy review, the RBI said it will meet banks in February to discuss loan restructuring and the bad loans situation.
Reuters
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