Davos: In a stern message to wilful defaulters, Reserve Bank Governor Raghuram Rajan said rich businesses owing large sums to banks should behave and not flaunt "massive birthday bashes" while still in serious debt. In a reply to a question that India has borrowers too big to repossess, at a World Economic Forum discussion in Davos, he said, "We are trying to change that. Let me emphasise that this is not about big businesses, not about rich people. This is not Robin Hood issue. This is an issue about the wrongdoer amongst the community, who had raised the cost of borrowing for everybody."

RBI governor Raghuram Rajan in Davos on Saturday. PIC/PTI