CEA KV Subramanian was referring to the situation where lending institutions continued to lend to borrowers that did not have the capacity to repay their debt, leading to a deteriorating asset quality that did not show up on the books of accounts of these lenders and eventually resulted in non-performing assets crisis.
from Banking/Finance-Industry-Economic Times
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Thursday 29 October 2020
NBFCs should avoid 'zombie lending': Chief Economic Adviser KV Subramanian
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