We, in the Reserve Bank, have refrained from deliberately imposing a uniform model on the banks because we wanted each bank to build its own strategy in line with its business model and comparative advantage. This will hopefully ensure better ownership. The Reserve Bank is consulting the Indian Banks Association in this regard.
For viable units, timely and effective rehabilitation by way of renegotiations of terms of loans, induction of fresh dose of funds, business restructuring, change of management etc. may become necessary. The process should not only be quick, efficient, cheap and fair to all stakeholders but also acceptable to and implementable by all, with necessary monitoring arrangements for implementation of the same.