.....A senior banker familiar with the issue, who did not want to be named, said, “In cases where over leveraged companies have managed to get a fine rate, RBI is asking banks for an explanation on how they arrived at the rate. RBI is insisting that rating should be directly linked to the price of a loan.” The Reserve Bank of India (RBI) had set up working group last year headed by Deputy Governor Anand Sinha for transparency in pricing of loans, but the committee is yet to submit its report......
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