Limited Liability, Wilful Defaulters

.....Banking must change from wink-and-nod games in patronage to serious assessment of business viability, risk and credit need, swift identification of bad loans and their immediate resolution to recover whatever can be recovered. Throwing good money after bad because someone higher up in the food chain told the banker to do that must stop. The banker's poor judgement must be tolerated if honest, penalised if mala fide; and display of good judgement rewarded handsomely.........

Read - ET