Public Sector Banks

Public Sector Banks Need to Trim Bad Loans: RBI Governor

Emphasizing on a time-bound liquidation of stressed business assets and preparedness to control the bad loans, Urjit Patel Governor, Reserve Bank of India (RBI) urged public sector banks (PSBs) to take haircut on current exposure and to act on the resolution plan agreed within or outside the Insolvency and Bankruptcy Code (IBC).