V
V.Balasubramani
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[h=1]Dear SC: Judiciary too has its share in the bad loan mess[/h]
Dinesh Unnikrishnan
The Supreme Court has raised certain important questions on the state of bad loans that has gripped India's Rs 101 trillion banking industry and has sought to overhaul the banking system in this context. Responding to a petition filed by NGO 'Centre for Public Interest Litigation', the Supreme Court noted that 'something is not working in the system leading to such huge loan defaults'. The court told the government that an expert panel could be set up to examine the issue of bad loan recovery.
The Supreme Court has raised certain important questions on the state of bad loans that has gripped India's Rs 101 trillion banking industry and has sought to overhaul the banking system in this context. Responding to a petition filed by NGO 'Centre for Public Interest Litigation', the Supreme Court noted that 'something is not working in the system leading to such huge loan defaults'. The court told the government that an expert panel could be set up to examine the issue of bad loan recovery.
Read more at: http://www.firstpost.com/business/s...ry-too-has-its-share-in-the-mess-2752242.html
Dinesh Unnikrishnan
The Supreme Court has raised certain important questions on the state of bad loans that has gripped India's Rs 101 trillion banking industry and has sought to overhaul the banking system in this context. Responding to a petition filed by NGO 'Centre for Public Interest Litigation', the Supreme Court noted that 'something is not working in the system leading to such huge loan defaults'. The court told the government that an expert panel could be set up to examine the issue of bad loan recovery.
The Supreme Court has raised certain important questions on the state of bad loans that has gripped India's Rs 101 trillion banking industry and has sought to overhaul the banking system in this context. Responding to a petition filed by NGO 'Centre for Public Interest Litigation', the Supreme Court noted that 'something is not working in the system leading to such huge loan defaults'. The court told the government that an expert panel could be set up to examine the issue of bad loan recovery.
Read more at: http://www.firstpost.com/business/s...ry-too-has-its-share-in-the-mess-2752242.html
