Thursday, June 7, 2012

NPA Management

Banks require Rs.1,67000cr capital to meet the requirements of Basel III in the next two years while they have Rs.1.37000cr locked up in 67000 cases with the Debt Recovery Tribunals as at the end of March 2012. It would make lot of sense for the Finance Ministry to ensure expeditious treatment and recovery of the DRT cases by incurring the required cost instead of pumping in tax payers' hard earnings to refurbish the capital required.