Unless and until a built-in self correcting mechanism is put in place, the NPA menace will continue to haunt the banks and the stake holders other than the defaulters will bear the brunt. The credit discipline is the medicine for bringing down NPAs of banks.This needs to be recognised by the regulator and the Government as well and both the banks and the borrowers should be made to pursue the credit discipline expected of them with stringent penal measures. NPas of banks is not an insurmountable problem as is made out and widely discussed.
Dr T V Gopalakrishnan.
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