Are recurring bad debts a symptom of deeper malady in indian economy?
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Explanation:
The recurring bad debts is highly affecting the economy of India.
Bad debts has led to increase defaulter of loan payments. Banks pay loans on projects though the business may not satisfy the queries. Illogical payments to the business has stressed the banks.
In order to deal with bad debts the RBI has confirmed that bank provides report of NPA’s accurately.
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