UPDATE 1-India central bank proposes steps to rein in bad loans
A large chunk of the bad loans are so-called "wilful" defaults, which is symptomatic of what critics say is a loose loan culture. They keep struggling companies in business but crowd out other borrowers and leave taxpayers on the hook to re-capitalise ...
Indian Central Bank Issues Discussion Paper on Bad Loans
RBI to allow buyout of sick companies with loans
India central bank proposes steps to rein in bad loans