An 'intermediate mechanism' is in the offing for resolution of non-performing assets (NPAs) of banks, Bank Board Bureau chairman Vinod Rai said here on Friday.
"We are putting in place an intermediate mechanism which will analyse some of the processes which will be triggered to settle the NPAs which the banks are carrying in their balance sheets," Rai said at the fifth Banking and Finance Summit 2016, organised by the Confederation of Indian Industry (CII).
"It should be in place in a fortnight or maximum three weeks from now."
The intermediate mechanism will be in the domain of banks and outside the Bank Board Bureau, Rai added.
--IANS
mm/ppg/ksk/vt
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app