RBI’s Urjit Patel says PSU banks need to cut bad loans, calls for recapitalisation

RBI governor Urjit Patel calls for recapitalisation of PSU banks to help them resolve NPAs issue in a time-bond manner as bad loans at 9.6% of the system is not acceptable
Source: Livemint.com (http://www.livemint.com/rss/industry)