Homebuyers can approach banks for loan revival, advised the Governmant.
Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.
The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.
FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.
The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.
The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.
The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.
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