India, Aug. 11 -- The Government of India issued the following news release:
The Government has taken various measures over the last few years to address the issues related to credit discipline, responsible lending, improved governance, adoption of technology, and proper regulation of Co-operative banks have been taken by the Government / Reserve Bank of India (RBI.)
These include, inter alia, the following:
Credit discipline has been instilled through-
enactment of the Insolvency and Bankruptcy Code (IBC);
setting up of the Central Repository of Information on Large Credits (CRILC) by RBI to monitor corporate loans and systematic checking of high-value accounts for wilful default and fraud.
Recognition and resolution of stressed Assets ...