Asset strains to haunt for at least 3 quarters: SBI

Jan 05 2014, 16:41 IST
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SummarySBI:Improvement may be seen after general elections, concrete signals can come only at the end of 2014.

also said that although the existing laws are

adequate to tackle the bad assets/recovery issue, there is a need for institutions like the debt recovery tribunals to function in a timely manner as a precondition for faster resolution of recovery cases.

"Limited period should be given for the company. We get injunctions from various agencies and courts, which delay the recovery process," she said.

The government and the Reserve Bank have repeatedly expressed concern over the bad assets issue and also come up with a slew of changes in the regulations periodically to make it easier for banks to recover funds.

The latest includes a discussion paper by the RBI which is aimed at early resolution of NPAs and NPA management.

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