And most importantly, as SBP economists recently highlighted in our Annual Report, we have to focus on social sector of the country in order to improve living conditions of the population.
Use of judicial channels should not be too prolific and frequent; instead, these should be used to foster better borrower protection rather than to undermine the credit discipline in banks. Any lenderborrower relationship can only survive on mutual trust and co-operation; breach of trust can ultimately become either an offence (under criminal law) or a civil wrong thereby defeating the credit system in India.