The long and short of it

.......The Governor was obviously referring to the increasing stress on account of non-performing loans in Indian banks’ balance-sheets — primarily on account of long-term loans made to the infrastructure sector, namely, in power, roads, aviation, telecom, metals and other sectors; and how banks could have well avoided all that stress if India’s domestic financial markets were developed enough to provide long-term finance. This would allow banks to focus more on providing short-term working-capital finance to industry and projects.........

Read - HBL