Time to walk the talk

After Swachh Bharat, it is now time for Operation Swachh Banks. The Reserve Bank of India (RBI) has initiated a massive nation-wide campaign to clean up the balance sheets of banks, especially the state-owned ones, which are saddled with huge amounts of bad loans, or NPAs (Non-Performing Assets). On the hopeful side, which is loudly cheered by the social media, are the banks’ efforts to sell the assets of wealthy business persons, who flaunted their money and luxury assets, but whose companies failed to repay their loans…again and again and again.

http://www.gfilesindia.com/frmArticleDetails.aspx?id=1413&Name=BANKING

 

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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