Important for India to address banking sector crisis: IMF
It is important for India to address the ongoing crisis in the banking sector to support investment and inclusive growth agenda, International Monetary Fund spokesperson Gerry Rice has said. "Steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code," he added. Notably, the non-performing assets touched â¹8.41 trillion at December 2017 end.