After rising for seven years, non-performing assets reported by banks are showing a decline, helped by a conducive policy environment and the Insolvency & Bankruptcy Code (IBC), the Reserve Bank of India (RBI) said in its report on trend and progress of banking in India, a development that brings some cheer for the financial sector and policymakers grappling with the problem of bad loans.
After rising for seven years, non-performing assets reported by banks are showing a decline, helped by a conducive policy environment and the Insolvency & Bankruptcy Code (IBC), the Reserve Bank of India (RBI) said in its report on trend and progress of banking in India, a development that brings some cheer for the financial sector and policymakers grappling with the problem of bad loans.
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