NPA war gives bankers hope but questions remain

They welcome the new powers to RBI but have questions

With the central government giving more powers to the Reserve Bank of India (RBI) on handling loans gone or going bad, and the latter coming down heavily on banks that delay on the resolution process, there is a new expectation among bankers.
 
They are hopeful that loan recovery would see a radical change. However, important questions do also remain, that will have to be answered.
 
Gross bad debt in the banking system as of end-December was about Rs 7 lakh crore. Adding other restructured assets, the stress rises easily up to Rs 10 lakh crore.
 
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