RBI’s Plans and Programmes for Resolution of NPAs
Rationale/Causes for Rising NPAs
- 2008 Financial Crisis: India's economy was in a boom period prior to the global financial crisis of 2008. Banks made large loans to businesses during this time in the hope that the good times would last. However, events do not always turn out the same way as they did in the past. The global economic recession that followed the financial crisis had a negative impact on the companies of the majority of corporate entities.
- Environmental Factors: The suspension of mining operations and the delay in obtaining environmental-related permits had an impact on the power and iron ....
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