Now, everyone will agree to a realistic valuation: S S Mundra

The RBI Deputy Governor will demit the office on July 31

The Insolvency and Bankruptcy Code (IBC) will ensure banks come to a realistic valuation about their stressed assets and settle the accounts in a time-bound manner, something bankers were reluctant to do earlier, says Reserve Bank of India (RBI) Deputy Governor S S Mundra. Before demitting office on July 31, Mundra tells Anup Roy the RBI’s intention was never to direct any judicial body on anything. The wording was an ‘innocent oversight’, he says. Edited excerpts:

Cyberattacks are frequent and more potent. How prepared are we to face the challenge head-on?

These are worldwide phenomena. India and the RBI have been relatively