Maharashtra : The Reserve Bank of India (RBI) is to soon announce measures to ensure fair recovery for bankers and investors, and to punish those trying to milk the system.“In the next few weeks, we will announce measures to incentivise early recognition, better resolution, and fair recovery of distressed loans. We will focus on putting real assets back to work in their best use,” said Raghuram Rajan, governor of the central bank, at the annual banking event, BANCON, here on Friday.Rajan blamed promoters of companies for taking undue advantage of the debt restructuring process.

Advertisements