NPA Ball Now in Govt’s Court

The Economic Times - - The Edit Page -

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.

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