NPA Situation An Important Issue For RBI: Urjit Patel
The RBI in its October 4 policy review cut the repo rate by 0.25 per cent to 6.25 per cent. In a media briefing after the policy announcement, RBI Governor Urjit Patel said the non-performing assets situation has not occurred overnight, and therefore it will require skill and thoughtful endeavor to resolve it.
