Banks may be able to deprovision as they recover: Arun Jaitley

Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to "deprovision" some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

Banks may be able to deprovision as they recover: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to "deprovision" some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

Jaitley, addressing a news conference after meeting top bankers in New Delhi, also said he hoped banks would "gear up" to the point where they would be able to transmit cuts in policy rates by the Reserve Bank of India.

 

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