....State banks also tend to be forgiving when corporate borrowers get into trouble, and a RBI deputy governor recently said India’s debt restructuring process is biased in favour of state banks and big borrowers. An RBI panel has proposed tighter rules around the process. “Occasionally there are concerns about the government exercising its ownership rights not through the established channels which is the board mechanism but outside of the board,” RBI Governor Duvvuri Subbarao said last month, responding to the government’s influence over state banks.......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment