Recent moves by the Central Bureau of Investigation (CBI) against IDBI Bank Ltd and the chairman of Syndicate Bank Ltd are likely signs of the government getting tough on bad loans in the banking system—as much a reflection of the rot in Indian banking as it is of the economic slowdown and policy paralysis that delayed projects. There could be more such action by enforcement and investigative agencies in the weeks and months to come and the banks themselves could get more aggressive in dealing with the sour loans on their books...............
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