Reveal, recognise, resolve
Gap between global banks and Indian banks on bad loan recovery is set to narrow
India’s Rs 10 lakh crore bad loans are also a child of the breathless bank loan expansion from Rs 18 lakh crore to Rs 52 lakh crore in the six years before 2014 (File)
There are five theories for why Indian banks recover so little of their bad loans. The first suggests something cultural about repayment intentions of Indian borrowers. This is, at best, the soft bigotry of low expectations and, at worst, racism. The second theory suggests that many big bank loans are a child of political connections; this smells right.
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