Fri, Feb 17, 2017
Aditya Puri, Managing Director and Chief Executive of the second largest private lender HDFC Bank, on Friday backed the idea of setting up a national bad bank, saying anything that can help resolve the perennial bad loans problem is welcome.
More >
Tue, Jan 31, 2017
To tackle the bad loans problem, the economic Survey 2016-17, has suggested creation of a centralised Public Sector Asset Rehabilitation Agency (PARA) that could take charge of the largest, most difficult cases, and make politically tough decisions to reduce debt.
The consequent squeeze of banks has led them to slow credit growth to crucial sectors-especially to industry and medium and small scale enterprises (MSMEs)-to levels unseen over the past two decades. As this has occurred, growth in private and overall investment has turned negative . A decisive resolution is urgently needed before the TBS problem becomes a serious drag on growth.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
