NPA resolution mechanisms need to be strengthened: S S Mundra

In cases where SDR was used, banks could treat the exposure as standard asset for 18 months

With inadequacies in the present asset recast regime becoming clear, Reserve Bank of India Deputy Governor S S Mundra on Thursday said various stressed asset resolution mechanisms like oversight committee and joint lenders forums (JLF) need to be strengthened. 
 
Mundra said RBI is in discussion with stakeholders on whether the institution of oversight committee can be further enlarged or strengthened. This is also relevant to the whole working of the JLF mechanism, he told media persons after inaugurating a branch of private lender Bandhan Bank in South Mumbai.
 
He, however, refused to give a deadline by when RBI