सविस्तर माहितीसाठी Financial Express मधील बातमी वाचावी.

Given the allegations of crony capitalism that have dogged bank loans and restructuring processes in the past, it is understandable that the government should wish to distance itself from the process. So, rather than a bad bank which will take a decision on haircuts, the plan is to let commercial banks do this themselves, under the guidance of RBI. RBI, in turn, will set up various oversight committees to vet the decision-making process in the banks, while the government will change the Prevention of Corruption Act to ensure bankers taking decisions on haircuts are protected from scrutiny from courts or investigating agencies after the event. To add to the quality of decision-making, RBI Deputy Governor Viral Acharya has proposed each resolution plan be vetted and rated by at least two credit rating agencies that could also look at the company’s economic health—once a rating is given, needless to say, rating agencies will monitor the company regularly. In order to prevent rating-shopping or any kind of conflict of interest, RBI is likely to pay for the ratings itself.

via NPA crisis: Given rating agencies track record, odd that RBI looks to add to their credibility – The Financial Express