.................The Reserve Bank of India (RBI), for instance, obligates both public and private banks to allocate about 40% of their total loan advances towards supporting the so-called priority sectors such as agriculture, small-scale industries, housing and education, apart from specific branch requirements. It is obvious that neither RBI nor the government can know if borrowers in priority sectors are creditworthy, or if it is economically viable for banks to open branches in rural areas. The huge pile of non-performing assets (NPAs) in the balance sheets of banks points to the adverse effects of such institutional fiddling with banks...............
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