Good mix of disciplining and empowering banks

Given impaired assets for PSU banks rose from 6.8% of total loans in March 2009 to 12.1% in March 2013, RBI has done well to come out with a framework to slow the pace of future accretion of bad loans. The framework, out in the form of a discussion paper, will be formalised once comments come in from all stakeholders. 

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