Indian govt may empower RBI to deal with stressed assets: report

Indian govt may empower RBI to deal with stressed assets: report

FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File photo

The government is considering legislation to empower the Reserve Bank of India (RBI) in effective handling of stressed assets, in tandem with its broader plan to resolve banks’ bad loans, the Economic Times reported on Tuesday, citing sources.

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