How does RBI help to solve the nation's financial crises.?
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Reserve Bank deputy governor NS Vishwanathan Tuesday exhorted bankers to ensure timely resolution of stressed assets under the new framework to extract the best value and underlined the need for dealing only in "genuine" cases.
The central bank will be coming out with the final guidelines for private and foreign bankers' compensation soon, he said, speaking at the annual industry event Fibac.
Vishwanathan said the RBI's revised framework on resolution of stressed assets introduced on June 7 is "less intrusive" as it gives banks the leeway to draft their own resolution plans
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