Arun Jaitley and Raghuram Rajan made it clear that misdemeanors and criminal acts can't go unpunished.
Vijay Mallya (Photo: PTI)
New Delhi: The Centre and the RBI on Saturday were on the same page cautioning against overstating bad loan crisis in banks lest it hampers the lending operations, while markets regulator Sebi barred wilful defaulters from raising public funds and taking control of listed firms.
The measures to choke funding avenues for wilful loan defaulters assume significance in the wake of a raging controversy over UB Group Chairman Mallya, who has left the country amid continuing efforts by banks to recover dues totalling over Rs 9,000 crore.
Arun Jaitley and Raghuram Rajan made it clear that misdemeanors and criminal acts can’t go unpunished.
( Source : Deccan Chronicle with agency inputs )
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