BackRBI to keep reviewing banks’ asset quality: R. Gandhi
Reviewing asset quality is a permanent process of supervisory action, says Reserve Bank of India deputy governor R. Gandhi
Premium
Mumbai: The Reserve Bank of India (RBI) will continue reviewing the asset quality at commercial lenders this financial year, deputy governor R. Gandhi said on Tuesday, as part of “a continuous process" aimed at avoiding an increase in levels of distressed debt.
The RBI late last year announced a more formal process of reviewing asset quality at lenders for the year that ended in March 2016.
Gandhi said reviewing asset quality would continue even this year though he did not specify whether it would be under the same process carried out in the last fiscal.
“It is not that we will not assess the quality of the assets of the banks hereafter," Gandhi told Reuters in an interview as part of the Reuters Financial Regulation Summit in Mumbai
Reviewing asset quality “is a permanent process of supervisory action," he said. Reuters
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
