Unless and until an inbuilt mechanism is introduced to discipline both borrowers and bankers, the problem of NPAs will continue to haunt the banking system.This is not an insurmountable issue, but authorities, banks and borrowers have an aversion to introduce a lasting solution to contain formation of NPAs.The borrowers and banks enjoy some known and unknown benefits by having NPAs in the books and the authorities keep a blind eye on the problem till it reaches the brink of collapse.The unfortunate part of this is that the depositors, good borrowers, shareholders and general tax paying public bear the brunt and hence defaulters have no concern.They become parasites and enjoy others money merrily.
- Dr.T.V.Gopalakrishnan
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