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RBI needs to build capacity for NPA resolution

Regulator should develop new competencies & strengthen existing ones, including access to data

RBI, reserve bank of India, NPAs
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Illustration: Ajay Mohanty

Ashvin Parekh
Financial services regulators, worldwide and particularly in India, are known for their long memories about industry and company conduct. Their prime role is to ensure stability in the system and, thereby, the economy. Regulators do this by regular evaluation of conduct and maintaining a database of evidence to judge conduct. They also perform several other roles and exercise discretion based on the evidence available with it or with the industry to judge and regulate it.

The Indian banking regulator has been given an additional responsibility by the government vide the ordinance that amended the Banking Regulation Act, 1949, on May
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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