The Reserve Bank of India (RBI) has censured for faulty project appraisals that has led to the piling up of huge non-performing assets in the system which has crossed 10 per cent or over Rs 10 trillion as of the September quarter.

It can be noted that since the public sector banks dominate the credit space, led by the market leader SBI, lenders have been engaging SBI Caps, the merchant banking arm of SBI, for both loan appraisals as well as loan restructuring and even project appraisals.

Source: Times of India