..............At the BANCON meet, central bankers perhaps stunned bank chiefs with stinging criticism of the rising proportion of troubled assets in state owned banks. With linguistic inventiveness, a Deputy Governor expressed his righteous indignation by preferring to talk not of the banks of the future, the theme of the conference, but of the “future of banks”. Other central bankers too joined in with less rhetorical concerns about rising NPAs, the trouble with debt recasting and poor appraisal systems......
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