Ms Kochhar, who is here to attend the WEF Annual Meeting, was responding to a query on the problems of bad loans in the Indian banking sector.

Real Estate Investment Trusts or REITs will be a "booster rocket" for investments coming into India and realty players are awaiting more clarity on the proposed new instrument, JLL India chairman and country head Anuj Puri has said.

The government will go ahead with its disinvestment programme and "a lot of activity" is expected on that front, Finance Minister Arun Jaitley said, while hinting at complete privatisation of some loss-making PSUs at a later stage.