.......The Reserve Bank of India (RBI) has raised the red flag over the rise in bad loans once again in its Financial Stability Report. The central bank says that NPAs will rise from 9 percent to 10 percent of banks' total assets in a year . Speaking exclusively to CNBC-TV18 veteran banker and Non-Executive Chairman of ICICI Bank KV Kamath said banks will have to take a haircut to resolve the issue of infra loans and assets.........
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1 comment:
Banks must take not a 'haircut' but a head-cut' if the menace has to be contained.
They should stop sanctioning any advance in 24-48hours as it is only money lenders and not bankers who can do that. The Banks do well to go back to the basics and do due diligence of entrepreneur, enterprise and environment with care, concern, accountability. Irresponsible lending to the corporates should end if the menace has to stop. It is good that the RBI woke up from the slumber. But the moot question is when will the banks wake up and shake up?
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