We shouldn’t exaggerate our NPA problems: former RBI governor YV Reddy
Former RBI governor YV Reddy on Indian banking's bad loan problems, RBI autonomy, and the conflict of interest for the government in its role as sovereign and owner of banks
Mumbai: While Indian banking faces a bad loan problem, it should not be exaggerated, says Y.V. Reddy, former Reserve Bank of India (RBI) governor. The Indian banking system is still strong and there is no crisis of liability not being discharged; just efficiency issues and some past mistakes, he says in a freewheeling chat on the eve of the release of his book Advice and Dissent: My Life in Public Service. Edited excerpts from the interview:
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