Bad loans situation may not have peaked yet, says RBI chief

India's banking system may not yet have seen the peak in bad loans, the Reserve Bank of India Governor Raghuram Rajan said on Thursday, adding the central bank was working with lenders to recognise and resolve these non-performing assets.

Rajan was speaking at a news conference after the central bank's board meeting in the western state of Goa.

He also said that the RBI was not against the idea of an independent public debt management agency and that there was no difference of opinion between the central bank and the government on the issue.

Illustration: Uttam Ghosh/Rediff.com

Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.