More than the banks, the bad loans affect the Economy very badly is being missed out by the authorities. The recurring loss in the form of loss of production and consequential loss of revenue and employment are direct results of bad loans. Besides, the erosion of values that the banks can be easily looted through the bad loans route has been well encashed by unscrupulous borrowers.The recurring loss to the economy in different ways is a reality and this gets ignored. Earlier the NPA problem is fixed professionally, it is better for the economy, banks and all stake holders of banks and the economy. The major beneficiary would be the Government for having fixed the vexus issue once for all professionally ethically and commercially.
Dr.T.V.Gopalakrishnan
(This comment is given to BS )
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