When some debts are more equal

........Restructuring has not been done in an objective manner. It is heavily biased in favour of public sector banks, towards more privileged borrowers vis-a-vis small borrowers," Chakrabarty said. Chakrabarty expressed concern that banks would push companies into restructuring debt in order to avoid defaults that would show up as non-performing assets (NPAs) on their books. “Why should only public sector banks come before the CDR cell?” he asked remarking that this is because the process is not followed in an objective manner.............

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