When there are no serious intentions to discipline the bad borrowers and the banks through a self correcing mechanism to prevent formation of NPAs and liquidate the bad assets without being cross subsidised by depositors and other stake holders, the NPAs would naturally increase and the loot would be shared by many. The problem of NPAs needs to be tackled professionally without fear or favour using the power of technology and introducing a self correcting mechanism by imposing a penalty based on the conduct of loan accounts right from day one of releasing the credit.Will the authorities show some inclination?
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