This refers to Debashis Basu’s piece “Bad loans: The bungling and farce continues” (Irrational Choice, July 10). Being a regular reader of “Irrational Choice” I am tempted to take the author’s claim that he could prophecy the current stressed assets management scenario last year, at face value. I wish policy makers take columnists more seriously!
I believe the Centre and the RBI are interested in moving forward in the direction of clearing the stressed assets mess in the banking sector by doing whatever is needed to overcome the initial hurdles they are facing. Action by regulators and governments will continue to
