Opinion | Games Indian banks play in injury time3 min read 27 Aug 2018, 01:24 PM IST
India's banks are in no position to meet the 27 August deadline set by the Reserve Bank of India for resolution of 3.8 trillion in non-performing assets (NPAs)
Corporate banking in India is one of those painful-to-watch soccer games stretching goallessly into injury time. Neither the creditors nor the debtors have the energy to carry on, yet they’re dreading the long whistle: that’s when both sides lose.
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