Make Names of Wilful Defaulters Public: Panel

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(Reserve Bank of India RBI) may ease norms for infrastructure funding www.ambitionias.com
  • The Standing Committee on Finance recommended that state-owned banks make public the names of their respective top 30 stressed accounts involving wilful defaulters.
  • This will enable banks to withstand pressure and interference from various quarters in dealing with the promoters for recoveries or sanctioning further loans.
  • For this, the committee recommended the government amend the RBI Act and other laws and guidelines.
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