Such gloom; let economy bloom

.......The RBI is often blamed for hawkish monetary policies and high interest rates. It certainly has choked consumer demand and corporates are avoiding taking credit. The flip side is that this keeps the banks’ capital safe. Afflicted by large defaults by power sector and real estate companies, the RBI policy has insulated the banks from defaults by small lenders.It is a moot question whether the RBI should allow banks in the country to face more difficulties in the face of almost `450 lakh crore non-productive assets.......

 

Read - The Pioneer