The working group discussed the need for faster exit options in light of the international resolution mechanism and recommended that exit options to banks in cases of non-viable accounts should be made more comprehensive. The working group observed that in such cases, banks should be advised to assess the situation early and use the exit option with a view to minimise the losses.
One model which could be considered and developed is the hub and spoke model for enhancing rural housing construction. The “hub” of the service could be located in a district/taluka headquarters and the services into rural/interior areas are provided by local rural centres i.e. the “spokes”.