Indradhanush 2.0 on anvil for recapitalisation of PSBs
The RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks' numbers and their stocks. The central bank has set a deadline of March 2017 to complete the AQR exercise.
'Indradhanush 2.0' will be finalized after completion of the Asset Quality Review (AQR) by the Reserve Bank, which is likely to be completed by March-end. Photo: Pixabay