Bad loans

Breaking the banks

Print edition : March 16, 2018

.Punjab National Bank’s South Mumbai branch at Brady House in Mumbai. Photo: Shashank Parade /PTI

The government, which has done little to stem the mounting losses arising from bad loans, is now offering a disingenuous solution: sell the banks. Sections of Indian industry that have defaulted heavily on public sector bank loans are now demanding that the banks be privatised.
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