........Thankfully , there are other forces at play . The regulator has become more alert since the fiasco at United Bank.While no director of the bank was pulled up and no regulatory official was made accountable, there are frequent meetings between banks and the RBI these days for early detection of sticky loans. A surge in the stock market will help leveraged companies with excess capacity to cut debts.Bankers are asking questions they should have asked long ago, like the source of equity money organised by a promoter who floats a special purpose vehicle to borrow and fund a project........
Read - ET
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