Congratulation Professor Mallick and Dr Ahamed of SBM for publishing: Article publish in Ideas for India.
To address the challenges that Indian corporates faced in the early 2000s in meeting their debt-servicing obligations to banks/financial institutions, RBI introduced a corporate debt restructuring programme in 2002. This column finds that in the absence of a strong legal system, this out-of-court regulatory mechanism has indeed helped Indian banks remain stable, as there has been no bank failure in India unlike in other countries - Read more at: http://ideasforindia.in/article.aspx?article_id=1767#sthash.ImKFurDt.dpuf