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Rajan’s Biggest Contribution

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in News - Movie and Politics

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Should Rajan go or stay? Is he an asset or a liability? Is the Modi government making a mistake in not nominating him for a second term?

Well, people have different opinions on the issue. Therefore, at this juncture, it is judicious to take a gander at Rajan’s most essential commitment amid his residency as RBI Chief.

Under Rajan, the RBI forced both the public sector and private sector banks to recognize rotten loans.

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What happened before was that ‘dead and dying loans’ utilized to be delegated ‘performing loans’. This myth of hearty paper benefits permitted numerous private division banks to remunerate their staff with great salaries and bonuses.

The Rajan tidy up has brought about stifled benefits or in out and out reported misfortunes for the banks..See more Click here

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