RBI Governor urges time-bound resolution of stressed assets
(WorldNews Business)

Reserve Bank of India (RBI) Governor Urjit Patel on Saturday noted that given the current position of public sector banks, time-bound resolution of stressed assets is crucial, in order to facilitate resolution of stressed assets and reallocate capital. ?The RBI, Centre and Industrial Investment Bank of India (IIBI) are working together to address the crisis at hand with a multi-prompt approach. Measures taken over the last few months are aimed at strengthening legal, regulatory, supervisory and institutional framework,? said Urjit Patel while addressing the ?National...