NPAs: All talk and no action*

Aug 4th 2017, C.P. Chandrasekhar
The problem of large NPAs of nationalised banks can be traced to the neoliberal reforms in the financial sector and outside, which prevent large government investments in infrastructure and capital-intensive industries that are imperative for development but too difficult a responsibility for the private sector to shoulder.

* This article was originally published in the Frontline Print edition: August 18, 2017.


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