The exercise was aimed at tracing the sources of pain and pressure points so that remedial procedure could be administered. GOI must be complimented for extending total support by infusing capital /committing to infuse capital in the weaker PSBs. 10. Whether this surgery is successful? Did it have the desired impact? I would think so.
In my interaction with various players, I sense it has a very positive impact, even in Tier II and Tier III towns. The promoters have realized that the banks are going to come hard after  BIS central bankers’ speeches  3  them if they don’t observe credit discipline.