ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Understanding Literary Theory

non-performing accounts and for making provisions for substandard, doubtful and loss- making assets. However, the RBI has been particularly strict in imposing the 8 per cent capita] adequacy norm while other areas of reform have been relaxed or not paid adequate attention to. Due to difficulty in implementing provisioning norms, some relaxations have been announced allowing phasing in the provisioning of bad debts. The special recovery tribunals set up to expedite the loan recovery process have remained largely ineffective. The problem of non-performing assets remains and little action is taken against the defaulting borrowers.

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