Bank recapitalization: The mockery of MoUs and statements of intent

Published: 10/01/2018
Bank recapitalization: The mockery of MoUs and statements of intent
Source: WWW.LIVEMINT.COM

The statements of intent (SoI) and memorandum of understanding (MoU) were supposed to play a critical role in monitoring performance parameters and capital infusion in public sector banks. A closer look suggests that such monitoring became a routine affair and not any meaningful exercise.

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