~8 L cr NPAs may face bankruptcy proceedings by 2019

Emboldened by the Banking Regulation (Amendment) Ordinance, the Reserve Bank of India is expected to push for resolution of bad loans worth ~8 lakh crore by March 2019, a move that could bring down the non-performing assets (NPAs) and improve the financial health of banks, a study by Assocham said. “So, it should be safe to assume that the NPA mess would largely be resolved by the first quarter of financial year 2019-20,” the Assocham study titled NPAs Resolution: Light at the end of tunnel by March 2019, said.