Little banks can do about infra NPAs: Kotak Bank's Dipak Gupta

Dipak Gupta, Joint MD, Kotak Mahindra Bank   , sharing his views on the policy with CNBC-TV18, says that unlike the previous policy statements, yesterday's policy was not only indicative of market but there were actions, too, facilitating the signals given by the central bank. Gupta added that the rate cut will help the banks to get reduce NPAs and oher stressed assets. However, he maintained that the problem has been in the system for over two years and RBI should have taken some action much earlier. Expressing his concern over the stalled infrastructure projects, Gupta said that bankers can do very little if the approvals are not in place. 

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