CNBC-TV18’s Timsy Jaipuria caught up with Former Reserve Bank of India Governor, YV Reddy and asked him his take on the recent bank recapitalisation proposal that the government has put forward.
It is government’s responsibility to produce the capital and the government of India is exploring options to produce capital, he said.
The design of recapitalisation process is critical, he added.
For more, watch accompanying video...
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