NPA Ball Now in Govt’s Court
Apropos the Edit ‘RBI Offers Bandage, Not Bad Loan Cure’ (Apr 22), it is terrible that the Indian banking industry, considered to be one of the strongest in the world, is facing the problem of NPAs because of wilful defaulters and political pressure. It is not fair to blame banks for lending huge amounts to Vijay Mallya. RBI and the government should also not come in the way of the publication of names of wilful defaulters. Political interference in decision-making in public sector banks is the root cause of the NPA mess.