Bank chiefs will not be questioned over NPA resolution decisions
The bankers, who are currently wary of accepting
one-time settlements from promoters due to the
Indian system's venerable 3Cs (CBI, CVC, and
CAG, who can question their decisions even a
few years later), will be protected by this
'intermediate mechanism'.
The intermediate mechanism to be put in place
will only focus on the 'processes' undertaken in
resolving NPAs and not the pricing decisions
involved.
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