It is curious now to look back to some of the economic debates of the 1960s and 1970s. In those times, there were many people who thought that you had to tolerate “a little bit of extra inflation” to make sure the economy would grow.
It was observed that this special dispensation not only gave undue advantage to the restructuring of large corporate accounts but such special dispensation could result in repeated restructuring due to the dilution in the norm for CDR cases without attracting stricter asset classification and provisioning norms.