NPAs are everybody's problem

Vivek Kaul's Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System provides the answer and I am wiser years after having taken the loan

When I was a fearless 20-something, sometimes broke, research scholar, I went ahead and bought an under- construction flat. I took on a home loan that covered 85 per cent of the cost of the flat and a personal loan that covered the remaining 15 per cent that was used for the down payment. After paying the EMIs, I would have barely enough to pay my share of the rent of a 500 square foot apartment shared by three or sometimes four friends and eat three square meals a day. I had started walking longer distances instead of taking autos,