Three ex-Reserve Bank of India governors say bad debt will hinder India’s recovery

YV Reddy says non-performing assets are not only a problem but a consequence of other problems. The bad loan problem is big and real, says Duvvuri Subbarao. The continuance of real sector problems, partly policy-driven in the most recent period such as demonetization, has aggravated the banking situation, says Chakravarthy Rangarajan.

from Economy-News-Economic Times https://ift.tt/3mGGyai