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Janmejaya Sinha: An alternative approach to bad loans

Janmejaya Sinha 

Janmejaya Sinha The attempt by the Reserve Bank of India (RBI) to clean up bank credit portfolios in one financial year has made this one of the worst quarters in Indian banking. Bank losses have already surpassed Rs 12,000 crore and most bankers say the worst is to follow in subsequent quarters. A problem evident but poorly addressed over the last five years is now expected to be cleared in one year. While the RBI is directing banks to recognise and write off bad loans it is at the same time urging the government to maintain its commitment to the fiscal deficit target. It is thus no surprise that the ...

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