Npa Ordinance

NPA ordinance: Letting RBI fight NPA battle is no solution; privatise weak PSBs before time runs out

If the Narendra Modi-government is serious in its intent to save ailing state-run banks, it should look for radical reform steps to save the banks and initiate the privatisation process without delay.

Bank NPA resolution is shrouded in fears of various kinds; it's time for RBI to act

Now that the bullet has been bitten, the RBI needs to speed up the process of setting up the committees and identifying the first list of assets

NPA ordinance: Govt will have to answer unpleasant questions about conflict of interest

The new law could give rise to larger problems of micromanagement and thereby conflict of interest in the banking sector for both the government and the RBI; it is not good for the sector in the long term

NPA ordinance gets president's approval; RBI gets more powers to tackle bank bad loans

The amended law will also empower the RBI to set up oversight panels that will shield bankers from later action by probe agencies looking into loan recasts