Reserve Bank of India says bad loans will shrink in March
The Reserve Bank of India (RBI) has said that the ration of bad loans has improved from last year. It is expected to further decline in March 2019’s financial results. However, despite the iDasmprovement, the current levels of bad loans are still too high for comfort, said RBI governor Shaktikanta Das. The Reserve Ban of India released its biannual financial stability report (FSR) on Monday. The report said that the gross non- performing assets (GNPA) ratio of banks has declined to 10.8 per cent in September 2018 from 11.5 per…
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