Economic Survey 2020-21 cited history where the political unit provided regulatory forbearance, thereby allowing lenders to conceal the magnitude of the problem...
There is one other worry that the central bank has articulated: the growing disconnect between certain segments of the financial markets and the real economy...
Move comes even as Credai sought protection on the ground that 98% of its members would become NPAs if the govt did not come out with any relief package for the sector...