Is RBI PCA same as ‘Hotel California’ for Indian banks? Sanjeev Sanyal says let them leave

Principal economic advisor Sanjeev Sanyal Monday said the country cannot have 'Hotel California' approach towards banks under the prompt corrective action (PCA) framework, where the exit mechanism for these lenders is undefined.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OTufX0