Reserve Bank of India tells Supreme Court there has been material decline in NPAs due to its efforts

The affidavit filed by the RBI comes in a PIL concerning steps to curb bank frauds, non-performing assets, and prosecution of wilful defaulters.

The Reserve Bank of India (RBI) has told the Supreme Court on affidavit that its efforts to tackle bank frauds and take action against wilful defaulters have resulted in a material reduction of Non-Performing Assets (NPAs) [Centre for Public Interest Litigation vs HUDCO and ors].

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