View: Reserve Bank of India’s loan restructuring; atoning past sins
View: Reserve Bank of India’s loan restructuring; atoning past sins
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“In finance, everything that is agreeable is unsound and everything that is sound is disagreeable,’’ said Winston Churchill.
As the ink dries on Reserve Bank of India Governor Shaktikanta Das’ order to permit restructuring of loans to alleviate the Covid-19 inflicted pain, the debate about its soundness is on.
Forbearance has been a part of Indian central banking lexicon for decades –…
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