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Farm Loan Waiver Disturbing Credit Discipline: Mundra

By Religare

Reserve Bank of India (RBI) Deputy Governor S.S. Mundra has expressed concern over farm loan waiver affecting credit discipline, said media reports.

Farm Loan Waiver Disturbing Credit Discipline: Mundra
Commenting on the issue, Reserve Bank of India (RBI) Deputy Governor S.S. Mundra told the media, "The RBI's views has always been that farm loan waiver affects credit discipline."

On resolution of the non-performing assets (NPAs) issue, Mundra said discussions were on in this regard.

"A number of resolution mechanisms have been given to banks from time to time. Variety of cases will require use of different instruments," he added.

"Valuation of stressed companies need to be transparent," he further added.

As per reports, on March 15, SBI chief had expressed reservation over assurances and demand for complete farm loans waiver, coming from different quarters. The following day, Congressmen staged a protest outside the SBI headquarters at Nariman Point in Mumbai to protest.

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