Protect the banks from bad borrowers

Any move to protect the banks from bad borrowers at the cost of tax payers and depositors can only weaken the banks , the economy and the financial system. The approach should be to professionalise the banks, discipline the borrowers, discourage bad borrowers from smartly looting the banks, encourage good borrowers, strengthen the bond market enabling project financing with long term capital funds,and improve the ease of doing business without any sort of corrupt practices generally found everywhere. Enhance general standards of ethics and corporate Governance in the system to better the results everywhere.

Dr T V Gopalakrishnan