BREAKING NEWS

Advertisement

Business

Updated on: Thursday, May 30, 2019, 04:14 AM IST

NPA resolution to spur credit expansion, growth: Arvind Panagariya

Advertisement

New Delhi: Resolution of bad loans in the banking system is on ‘right track’ and will ‘open the door’ to rapid credit expansion and growth, Niti Aayog Vice Chairman Arvind Panagariya has said. Terming the non-performing assets (NPAs) or bad loans problem as a ‘legacy issue’, he said that even after three years of the NDA government taking charge, it has not gone away. . “Now we are on absolutely right track. Once we solve the NPAs issue, it will open up also the door to faster credit expansion. If this is done, this problem of twin balance sheet issue  will get addressed,’ he said.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Monday, August 14, 2017, 09:35 AM IST
Advertisement