RBI Goes After NPAs, Bank Stocks To Gain

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niveza
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Joined: Wed Feb 22, 2017 3:48 pm

RBI Goes After NPAs, Bank Stocks To Gain

Postby niveza » Sat Jun 17, 2017 12:30 pm

The market was little choppy this week as there was hardly any movement in the stocks on the macro basis. Reserve Bank of India has launched a crusade to resolve the NPA issue. RBI has identified 12 stressed accounts, constituting 25 percent of gross bad loans for immediate resolution under the Insolvency and Bankruptcy Code.
Going global, US Fed raised the rate by 25 bps to 1.25%. The news did not make any impact on the market as there was no dramatic movement noticed in the market post announcement. Also, The Bank of Japan left policy unchanged at -0.1. On the domestic front, banks are taking bull charge to recover bad loans worth Rs. 1.5 lakh crore.

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