Saturday, November 16, 2013

Raghuram Rajan warns bankers on 'ever-greening' of bad loans

..."You can put lipstick on a pig but it doesn't become a princess. So dressing up a loan and showing it as restructured and not provisioning for it when it stops paying, is an issue. Anything which postpones a problem than recognising it is to be avoided,"..............

No comments: