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2015 And 2021 Are Completely Different, Says Rajnish Kumar On AQR 2.0
Former SBI chairman says AQR 2.0 won’t unearth large gaps in bank books.
30 Jan 2021, 10:57 AM IST
Since the last asset quality review, the Reserve Bank of India and the banking sector have moved miles in adopting a more standard approach in recognising bad loans, according to Rajnish Kumar, former chairman of State Bank of India.Speaking to BloombergQuint over phone, Kumar said the calls for a fresh asset quality review of bank balance sheets, also suggested by the Economic Survey 2021, may not lead to damaging results for the se...
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