Rajan blames NPAs on over-optimistic bankers

In a note to Parliamentary panel, ex-RBI governor Raghuram Rajan stated a number of bad loans originated in the 2006-08 period, when banks encouraged by strong economic growth, went optimistic on lending, but hit a roadblock when this period was followed by a global financial crisis.

from Times of India https://ift.tt/2x5JSn0