NITI Aayog calls for new Regulations for Banks

Amitabh Kant, NITI Aayog’s Chief Executive Officer has said that the government and the Reserve Bank of India will have to bring new set of regulations to make certain that borrowers repay their debt in time. He has also stressed on the need of ensuring higher growth to fund such dole-outs. RBI and government has to arrive at a regulation to ensure that financial discipline from borrowers should continue. This resolution of stressed assets is essential for long-term growth.