{"id":30691,"date":"2018-10-26T17:31:26","date_gmt":"2018-10-26T12:01:26","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30691"},"modified":"2018-10-26T17:31:26","modified_gmt":"2018-10-26T12:01:26","slug":"bank-recap-should-be-part-of-broader-reform-package","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bank-recap-should-be-part-of-broader-reform-package\/","title":{"rendered":"\u2018Bank recap should be part of broader reform package\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/bank-recap-should-be-part-of-broader-reform-package\/article23043406.ece\"><strong>\u2018Bank recap should be part of broader reform package\u2019<\/strong><\/a><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>The IMF has said that the recapitalisation of India\u2019s public sector banks should be part of a broader package of financial reforms to speed up the resolution of their massive non-performing assets, which has attracted attention in the backdrop of the Nirav Modi case<\/p>\n<p><strong>Situation of NPAs<\/strong><\/p>\n<p>According to a recent Assocham-Crisil study, India\u2019s banking sector will be saddled with gross non-performing assets (GNPAs) worth a staggering Rs. 9.5 lakh crore by March-end, up from Rs. 8 lakh crore a year-earlier<\/p>\n<p><strong>IMFs thoughts<\/strong><\/p>\n<p>Mr Zhang said that \u201cIMF thinks that the PSB recapitalisation should be part of a broader package of financial reforms to speed up the resolution of NPAs, improve PSB governance, reduce the role of the public sector in the financial system, and enhance bank lending capacity and practices\u201d<\/p>\n<p><strong>Backdrop<\/strong><\/p>\n<p>International Monetary Fund Deputy Managing Director Tao Zhang\u2019s visit to India<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Bank recap should be part of broader reform package\u2019 Context The IMF has said that the recapitalisation of India\u2019s public sector banks should be part of a broader package of financial reforms to speed up the resolution of their massive non-performing assets, which has attracted attention in the backdrop of the Nirav Modi case Situation&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bank-recap-should-be-part-of-broader-reform-package\/\">Continue reading <span class=\"screen-reader-text\">\u2018Bank recap should be part of broader reform package\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30691","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704667264},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30691"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30691\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}