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    <title>Resolving Stress in the Banking System (Dr. Raghuram G. Rajan, Governor - June 22, 2016 - at ASSOCHAM – Interactive Meet with Industry &amp; Trade, Bengaluru)</title>
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    <description>Public sector banks&#039; lending slowdown reflects legacy balance sheet stress rather than high interest rates, requiring decisive clean up: timely recognition of NPAs, coordinated lender resolution via a large loan database and Joint Lenders&#039; Forum, and use of instruments such as AQR, SDR and S4A to replace weak promoters, bifurcate sustainable debt, curb ever greening and enable viable projects to be completed, alongside governance reforms and targeted capital infusion to restore credit intermediation.</description>
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