RBI Deputy Governor’s assertion is borne out by the data, suggesting big gaps in RBI’s regulatory capacity
K.C.Chakrabarty, Deputy Governor of the Reserve Bank of India (RBI), has, in a recent lecture, more than hinted that all may not be well with the manner in which loans are being restructured. In fact, the deputy governor has gone so far as to say that neither is restructuring happening ‘in a transparent and objective manner’ nor is it ‘non-discriminatory’. These are serious charges that are being levelled at banks but the data on the ground suggests they might not be totally unjustified...
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