My View on "Farm loan waiver: Telangana, AP struggle for resou...":
The posture of the RBI on loans is well anticipated. Even agreeing to rescheduling should be considered a deviation from the normal practice. Agricultural loans become overdue only when the loans remain unpaid continuously for two successive crop seasons. The Banks have not put out in public domain nor did the State governments of AP and Telangana as to how many borrowers would have not repaid two successive crop loans or two installments continuously on the agricultural term loans that became coincidental to the crop loan dues. As on 30th September 2014, the NPAs in Agricultural segment of the then combined AP was just Rs.3800 crores!!
- Dr.Yerram Raju
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