|Despite the increasing regulatory pressure of Reserve Bank of India (RBI) on debt recast by banks, ICICI Bank Chairman, Mr. KV Kamath has appreciated the bank's asset quality. Mr. Kamath believes that the current situation is better than what it was a decade ago.
"The stress in restructured assets in India is very small compared to what it was earlier. Though there is lot of talk about the quality of assets, today, it is healthier than what it was 10 years ago," he added.
Recently, the banking regulator had increased the provisioning on debt recast. Mr. Kamath also pointed out that banks have got enough capital citing example of ICICI Bank, which has a capital adequacy ratio of 18.5%, which is more than double the regulatory requirement of 9%.