....The CDR mechanism has come in for sharp criticism from none other than the Reserve Bank of India. In a recent speech, RBI Deputy Governor KC Chakrabarty said: "While clearly there is cause for concern given the pace and quantum of restructuring over the last few years, the concerns are aggravated by the fact that the restructuring is neither being permitted in a transparent and objective manner by banks.... Nor is it being resorted to in a non-discrimatory manner."......
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