How will India Protect Its Banks from Big Corporate Defaulters?
Indian banks are crumbling under the pressure of corporate non-performing assets (NPAs), while the government continues to encourage write offs and haircuts.
Indian banks are crumbling under the pressure of corporate non-performing assets (NPAs), but the government is favouring large borrowers by encouraging write offs and haircuts under the new Insolvency and Bankruptcy code (2016). NewsClick interviews CH Venkatachalam to discuss the way forward for the banking sector and to take stock of the situation after 50 years of nationalisation.
Get the latest reports & analysis with people's perspective on Protests, movements & deep analytical videos, discussions of the current affairs in your Telegram app. Subscribe to NewsClick's Telegram channel & get Real-Time updates on stories, as they get published on our website.
