Ex-RBI Guv admits to inaction for NPA crisis
Former RBI Governor D Subbarao on Friday said, the "action or inaction" of RBI during his tenure could be among the reasons for the present bad loan crisis, adding he should have addressed those issues. "NPA (Non Performing Assets) problem is getting bigger than any of us has thought," he added. The gross NPAs rose to 7.6% in March 2016. 