Banks, the regulator and government,” he said in the presentation. Patel, who spent over five years at the RBI, including his role as the deputy governor, advised to stay on the course even in the face of difficulties. delayed negotiations/taking haircuts for timely resolution could come back to haunt the sector,” he warned. Patel said the state-run lenders have high ratio of non-operating expenses to earnings compared to their private sector peers. Advertising“High cost structure of government banks is borne by the economy; may be impinging transmission of policy rate changes,” he warned.

Source: Indian Express July 04, 2019 08:03 UTC