Anita Bhoir, ET Bureau Oct 30, 2012, 11.24AM IST
MUMBAI: The Reserve Bank of India has directed banks to share information on credit exposure among themselves.
Banks failing to adhere to this directive would be viewed seriously by the RBI and banks would be liable to action, including imposition of penalty, said the central bank in the second quarter review of the Monetary Policy.
This announcement comes at a time when the banking sector is seeing a surge in corporate debt restructructing and rising bad loans.
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