Sucheta Dalal :Need for immediate crack down on high flying wilful defaulters –Part I
Sucheta Dalal

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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%.

 

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-- Sucheta Dalal