Economic Survey: Urgent Initiatives in Infrastructure, Iron and Steel, Textiles, Aviation, and Mining
The RBI in its Financial Stability Report, December, 2013 has indentified five sectors – infrastructure, iron and steel, textiles, aviation, and mining – as the stressed sectors. PSBs have high exposures to the “industry” sector in general and to such “stressed” sectors in particular. The survey mentions that the increase in NPAs of banks is …