Raghuram Rajan On Bad Loans
- 8 years ago
The RBI Governor said that the slump in credit growth is due to the NPA mess in Public Sector Banks and not due to high interest rates. Defending the RBI's move to order a comprehensive audit of banks' balance sheets, Rajan urged PSBs to get their act together and clean-up their mounting piles of bad debt and improve their balance sheets. Listen in.