%A Ranjit K Pattnaik,Jagdish Rattanani
%T Keep out (and punish) the defaulters
%! Keep out (and punish) the defaulters
%X We are here because, as the RBI Deputy Governor Viral Acharya once put it: “Original promoters – who rarely put in any financing and primarily provide sweat equity – have had somewhat of a field day, facing limited dilution, if any, of their initial stakes nor much of a threat of being outright replaced.” Banks are no less to blame.
%U https://www.thebillionpress.org/columns/economy/keep-out-and-punish-defaulters-1186