Mumbai :  Banks got support on the issue of bad loans from the most unexpected quarters — Reserve Bank Governor Raghuram Rajan, who said bankers cannot be always blamed for the rising bad loan situation. “Let’s be a little bit careful about attributing all that has gone wrong in terms of NPAs just to the incompetence or malfeasance by the bankers,” Rajan said while delivering a lecture.

Rajan said there are instances of a loan that was good in 2007-08 turning out to be a not-so-good loan in the light of the global turndown in 2012, in the light of the domestic slowdown in the past few years or domestic issues with governance.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in