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RBI : Time is running out for PSU Banks

RBI Deputy Governor, Viral Acharya in his speech on 7 Sept, 2017 made the following comments:

Every few days, I wake up with a sense of restlessness that time is running out; we have created a due process for stressed assets to resolve but there is no concrete plan in place for public sector bank balance-sheets; how will they withstand the losses during resolution and yet have enough capital buffers to intermediate well the huge proportion of economy’s savings that they receive as deposits; can we end the Indian story differently from that of Japan and Europe?

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