Will make wilful defaulters public: Rajan
The RBI is working on a new system for making public the list of wilful defaulters, RBI Governor Raghuram Rajan said on Saturday. Further, a new mechanism is being evaluated for out-of-court settlement of bad loan-related disputes, he added. However, "we need to be weary of killing entrepreneurship... by putting all unsuccessful risk taking in the same basket", he mentioned.