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Economic Survey 2021 calls for fresh asset quality review
Published : Jan 30, 2021, 4:38 am IST
Updated : Jan 30, 2021, 4:38 am IST
Pandemic concessions to banks need a quick end
Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)
MUMBAI: The Economic Survey 2021 has called for a fresh review of asset quality of banks once the Covid-19- related regulatory forbearances are withdrawn.
“The regulatory forbearance must be removed as the economy improves and must quickly be followed up by a clean-up exercise of bank books,” chief economic adviser Krishnamurthy Subramanian said in the Economic Survey for 2020-21, tabled in Parliament on Friday.