Volumes have been written about Indian Banks’ stressed assets. This article puts the things in perspective for a common man like us on the enormity of the problem of bad loans. It is really puzzling how the banks have lent so liberally compromising the interests of the government, being the majority share holder.
WHY INDIA’S BAD LOAN PROBLEM IS REALLY BAD
TAMAL BANDYOPADHYAY Read Tamal Bandyopadhyay’s earlier columns at livemint.com/bankerstrust His Twitter handle is @tamalbandyo. Respond to this column at firstname.lastname@example.org.
12 Jun 2017
Last week, Spain’s largest lender Banco Santander SA announced taking over struggling Banco Popular Espanol SA for a symbolic value of â��1. Santander also plans a â��7 billion ($7.88 billion) rights issue to infuse capital and provide for the bad loans of…read more…