Banking sector challenged by ‘new abnormal’

.....Why, despite times being far worse than 2008-09, is the RBI least inclined to grant concessions on draconian measures such as restructuring guidelines, non-banking financial company (NBFC) capital requirements, securitization rules and the Basel III global banking norms requirements? The subtext, not explicitly articulated, is that it realizes that waiting for the cycle to turn will be futile, and the system better learn to strengthen itself regardless of prevailing circumstances................

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