 "Viral Acharya, RBI Dy Governor")
Reserve Bank of India’s (RBI) Deputy Governor Viral V Acharya, in his maiden speech as a central banker on Tuesday, proposed the creation of two asset management companies, one private and another a quasi-government, to solve the banking system’s bad debt problems for good.
The vision and intent to fight a large issue in Indian banks remind one of the debut press conferences of former RBI Governor Raghuram Rajan when he had announced plans to resolve issues in banks and the financial sector. Incidentally, Rajan is one of the references in Viral Acharya’s résumé. “I have been thinking hard of
