frequent debt restructuring of Lanco - Moneylife
frequent debt restructuring of Lanco - Moneylife
ONLINE COMMENTS POSTED ON FEBRUARY 17, 2014:
MG Warrier 15 hours ago
ONLINE COMMENTS POSTED ON FEBRUARY 17, 2014:
MG Warrier 15 hours ago
Concluding his speech at
BANCON 2013, RBI Deputy Governor K C Chakrabarty had observed that the
CDR Mechanism has been grossly mis-utilised and needs a thorough
ovrthaul including setting up of an independent oversight body for
approval of proposals as well as for monitoring regulatory guidelines on
restructuring and technical write-off should be reviewed and these
measures should be phased out for ensuring a stronger credit
administration and recovery environment. RBI Governor Dr Rajan too has
strong views against using CDR for accomodating healthy industrialists
who cause huge NPAs in banks with which they deal. Efforts like the
present one by Moneylife to protect public interest needs to be
appreciated.
BANCON 2013, RBI Deputy Governor K C Chakrabarty had observed that the
CDR Mechanism has been grossly mis-utilised and needs a thorough
ovrthaul including setting up of an independent oversight body for
approval of proposals as well as for monitoring regulatory guidelines on
restructuring and technical write-off should be reviewed and these
measures should be phased out for ensuring a stronger credit
administration and recovery environment. RBI Governor Dr Rajan too has
strong views against using CDR for accomodating healthy industrialists
who cause huge NPAs in banks with which they deal. Efforts like the
present one by Moneylife to protect public interest needs to be
appreciated.
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