Report blames Reserve Bank of India for bad loans

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A committee of lawmakers thinks the Reserve Bank of India’s policies have accentuated the problem of non-performing assets of state-owned banks, and reduced amount at their disposal to lend; that banks do not have what it takes to fund long-gestation projects; and that it is important to remove the environment of fear in which bankers operate today, worrying that even a legitimate loan approval could engender an investigation.
Read more at Hindustan Times.

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