 "S S Mundra")
Reserve Bank of India (RBI) Deputy Governor S S Mundra said on Tuesday the pace of formation of new non-performing assets (NPAs) has come down for a number of banks although some of them have still posted losses for April-June quarter due to higher provisioning.
Mundra also said Urjit Patel's appointment as the next governor of RBI will ensure continuity of policy.
Speaking at an event in New Delhi, Mundra said most of the banks are adequately capitalised and the government has promised additional capital if the requirement so arises.
Last month, the centre announced a capital infusion of Rs 22,915 crore into 13 public sector banks to revive loan growth that has now hit a two-decade low.
"When I look at individual results, there are number of banks for whom it appears that the worst is over but then there are other banks that are in middle of it and they would need to do some work before they get out of it," Mundra said.
