Is the two-section ordinance key to India’s bulging NPA crisis?
By Vinod Kothari, (vinod@vinodkothari.com) The much-awaited ordinance, expected to make a tangible impact on India’s crisis of piling non-performing assets (NPA), was signed into law by the President on 5 May 2017. The Ordinance, consisting of barely two sections, makes amendments to the regulatory framework of banking in India, the Banking Regulation Act. After reading the […]