Ignore Vijay Mallya’s TV drama, focus on the real crisis of NPAs
Naming and shaming wilful defaulters such as Vijay Mallya won't solve a $180 billion NPA problem that's continuing to grow every quarter, ready to infect new industries
Singapore: There’s an expanding bad-debt crisis in India. There’s also a related spectacle surrounding the owner of a failed airline with $1.4 billion in unpaid loans. No prizes for guessing which makes for healthier television ratings.