Categories: Other Courts

Losing ground of economic freedom: Moving beyond the rhetoric

There is an urgent need to correct inadequacies in banking regulation which allow banks to accumulate NPAs. Alongside, there should be more options for restructuring of banking companies. Makeshift provisions such as one-time restructuring with creditors, Inter Creditors Agreement are not the long-term solution. Mergers of banks are also not a solution to deal with escalating NPAs.

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