Thursday, July 24, 2014

RBI working on bankruptcy exit system

........“We have a tendency in India that we do not like failures. We think everybody should pass and have distinction. We do not have a culture to accept failures. How to create that? There is a thinking in Reserve Bank, we have been thinking how to create a system so that people should voluntarily withdraw from an unattractive business,” RBI Executive Director B. Mahapatra said in his address on “Managing Stressed Assets” organised by Assocham..........

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