........RBI needs to quickly put in place the norms proposed by the Mahapatra Committee—among them, higher provisions of 5% and personal guarantees by promoters. With the economy yet to get back on track, banks need to be extra cautious; they need to heed what the RBI panel has said—that slippages can be as high as 30% and not 15% as was earlier believed.
Read - FE Editorial
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