He said the package would include more aggressive measures to speed up bad debt write-offs and stabilize the banking system. |
But it's because of our credit tightening that our bad debt isn't worsening. |
He also warned against taking the company's bad debt provisions at face value. |
It is not surprising, given the number of high profile bankruptcies, that investors are noticeably worried about bad debt provisions. |
That's one reason the industry is stepping up efforts to manage the bad debt. |
Under Government supervision, banks will set guidelines to deal with financially crippled borrowers and get rid of their bad debt. |