Need for immediate crack down on high flying wilful defaulters –Part I
March 7, 2014
Now that the RBI governor has spoken his mind, it is time that our banks to take it as a cart Blanche to go hammer and tongs against large numbers of wilful loan defaulters to move ruthlessly at them. This is first part of a two part series
Nagesh Kini
Finance Minister P Chidambaram, speaking on 6 March 2014 after a performance review meeting with public sector banks (PSBs) and financial institutions, stated, “Non-performing assets (NPAs) at end of March 2013 were 3.84%.