The government on Saturday announced Rs 10,000 crore funds to boost affordable and middle income housing. The government will make funding available for housing projects that are not in a bankruptcy process or classified as non-performing assets, Nirmala Sitharaman said during a press conference in New Delhi.

Government to provide Rs 10,000 crore funds to boost affordable, mid-income housing

Noting that the level of non-performing loans in India remains high, the International Monetary Fund has favoured bolstering the level of capitalisation of some banks, particularly government-owned banks.

India needs to bolster level of capitalisation of government-owned banks: IMF

The central bank has so far ordered corrective action for about 10 lenders, mostly due to their high bad loan ratios.

RBI puts Allahabad Bank under prompt corrective action

Patel said that sectors in which bad loans have emerged over the years pertain to long-gestation projects

Non-performing assets a legacy issue, RBI governor says