“In playwriting there is a conception known as “Chekhov’s gun”: if there is rifle hanging above the mantelpiece in Act One, it’s going to be fired at someone by the end of Act Five. In the regulatory, enforcement and legal landscape around loan recoveries in India over last decade, the unused rifle usually disappears by Act Three, hence not credible since all stakeholders know about the preordained vanishing act. Investment in policy and regulatory integrity requires staying the course there is no other way.”