Should lenders be Shylock?
RBI ready for fed lift-off
RBI Governor Raghuram Rajan believes dispassionate lending, helps in better debt recovery. He also observed that in times of slow growth, banks are reluctant to acknowledge bad loans. These are observations coming at a time when the bad loan mess in the Indian banking system seems to be at its worst.
RBI Governor Raghuram Rajan believes dispassionate lending, helps in better debt recovery. He also observed that in times of slow growth, banks are reluctant to acknowledge bad loans. These are observations coming at a time when the bad loan mess in the Indian banking system seems to be at its worst.