RBI lays out framework to limit bad loans

The Reserve Bank of India (RBI) on Thursday laid out a road map to deal with a surge in bad loans in the Rs.82 trillion banking system. The framework outlines a corrective action plan that will offer incentives for early identification of stressed assets by banks, timely revamp of accounts considered to be unviable, and prompt steps for recovery or sale of assets in the case of loans at the risk of turning bad.

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