RBI Governor Meets Financial Institutions Over Bad Loans

Mumbai: The Reserve Bank of India (RBI) said Governor Raghuram Rajan and two of his deputies met with banks and other financial institutions on Monday to discuss stressed loans in the banking system. The countries banks are grappling with more than $110 billion of troubled debt, a burden that is holding back new loans and hampering a speedier economic recovery. The RBI said the meeting with representatives from banks, non-banking f...