The Reserve Bank of India (RBI) on Tuesday cautioned about loans given to companies in sectors in difficulty such as telecom and may witness rising bad loans. Banks were asked to put in place a board-approved policy for making provisions for standard assets at rates higher than the regulatory minimum, based on an evaluation of risk and stress in various sectors.
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The Reserve Bank of India (RBI) on Tuesday cautioned about loans given to companies in sectors in difficulty such as telecom and may witness rising bad loans. Banks were asked to put in place a board-approved policy for making provisions for standard assets at rates higher than the regulatory minimum, based on an evaluation of risk and stress in various sectors.
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