It's time for the regulator to do their job, no matter how unpleasant it is!

Every effort to sweep a corner of India's financial system is to confront stakeholders with creepy crawls. It's also uncomfortable as the job is.

Four years ago, as lenders were forced to expose their attics to the regulatory broom, more than US$ 200 billion in bad loans crashed. That cleanup is not over, and the turn of the stockbrokers is already over. Who knows what's going to happen?

Investors are waiting to....