Speaking at the inaugural Ramnath Goenka Lecture series in New Delhi, RBI Governor Raghuram Rajan Saturday said that large scale debt write-offs are difficult in the current economic climate.
Rajan went on to say that we cannot paint lenders and borrowers with the same brush.
“If you start investigating every loan gone bad, I think it will kill industry. Need to go after malfeasance,” said Rajan.
The series was launched by The Express Group to mark 25 years of the passing away of Ramnath Goenka, founder of The Indian Express.
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