Banking ordinance opens up Pandora’s box
It does not change the status quo, where good money is thrown after bad and no real resolution of NPAs takes place
The recently promulgated Banking Regulation (Amendment) Ordinance is aimed at resolving the non-performing assets (NPA) crisis in the banking sector. It creates an illusion of state action, and does little by way of addressing the real concerns. We highlight some of the problems created by the ordinance.