A mess: Urjit Patel admits RBI was slow to take timely measures

A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo.

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