Mumbai, November twenty one The bank of India (RBI) Thursday voiced concern over the rising non-performing qualitys or unhealthy loans of banks and aforesaid it might concentrate on observance their asset quality.
In a report on Trend and Progress of Banking in India – 2012-13, the RBI aforesaid weakening domestic economics conditions combined with the continued subdued international growth expose challenges to the banking sector throughout 2012-13.
“However, the comfy capital base continues to lend resilience to the Indian banking sector,” it said.
The RBI aforesaid there was a necessity for an efficient reduction within the non-performing assets (NPAs) and enhancements within the loan recovery method.
According to the RBI, there’s conjointly a necessity to “stimulate and foster competition within the banking sector and liberalise licensing policies”.
The RBI aforesaid growth of the Indian banking sector delayed for the second consecutive year in 2012-13 amid retardation within the domestic economy and warm international recovery.
