How the next govt can put banking and financial sector back on track

With just a moon-phase to go before the reset in the finance minister's office, the big question is: What's the extent of grease needed from here on

This June is going to be a punishing month for the next finance minister. The country’s financial market is choked: The slow pace in the resolution of dud-loans, the contagion from the blowout at the Infrastructure Leasing & Financial Services (IL&FS), and a liquidity bind threaten vast swathes — from non-banking finance companies (NBFCs), mutual funds to realty firms — and all those caught in-between and around them. The liquidity slosh in the post-demonetisation phase has run its course; and the excesses during the period is partly the reason for the curse which is upon us now. With just a