NPA Crisis to Affect Common People
This is evidenced by the rising share prices of the some of the borrowers.
Dr. Meera Nangia asserts that the present NPA crisis in the banking sector, will ultimately affect the ordinary people who have deposited their money with the banks. The large corporate borrowers who are the cause of the NPAs, will actually benefit as the banks are forced to take haircuts to the stressed corporate loans. This is evidenced by the rising share prices of the some of the borrowers, on whose loans public sector banks were forced to take a hair cut.
Get the latest reports & analysis with people's perspective on Protests, movements & deep analytical videos, discussions of the current affairs in your Telegram app. Subscribe to NewsClick's Telegram channel & get Real-Time updates on stories, as they get published on our website.
