The problem of non-performing assets in public sector banks has grown to an alarming level mainly because of the lack of pro-active measures from the RBI in the initial stages, ex-SBI Chairman Pratip Chaudhuri tells CNBC-TV18. He says the RBI should have introduced a uniform provisioning standard long back when it saw that some banks were treating a loan as NPA while some other banks were treating the same loan as a performing asset. "RBI should have moved towards uniform provisioning across banks 2-3 years back," Chaudhuri says.
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Oil prices shot up by 4 percent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their
ReplyDeletefirst deal since 2001 to jointly reduce output in order to rein in oversupply and prop up the market.
MCX Crude Oil tips