 "Gradation system")
The government and the Reserve Bank of India (RBI) could introduce a gradation system in loan restructuring to deal with bad debts.
All schemes introduced by the central bank would be used, depending upon the provisioning requirement, and public sector banks would get to act like aggressive private equity players to recover dues. The central idea would be to protect the interests of banks.
“Banks have in the past few months been talking to various private equity (PE) players and a few large corporates in India and abroad, to partner with them in stressed companies,” said a senior
All schemes introduced by the central bank would be used, depending upon the provisioning requirement, and public sector banks would get to act like aggressive private equity players to recover dues. The central idea would be to protect the interests of banks.
“Banks have in the past few months been talking to various private equity (PE) players and a few large corporates in India and abroad, to partner with them in stressed companies,” said a senior
