.........The argument against any kind of relief either in the form of restructuring or write-offs is that it impinges on the operations and credibility of the financial system. Bankers would be in a quandary on whether or not to lend and could also dilute their standards knowing well that there are options available to avoid classifying such defaults as NPAs. Therefore, RBI needs to ensure that this credibility is not diluted in any way. The problem with loan-waivers is that..............
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