View: The last ditch attempt to save India's debt-laden banks

An affidavit filed by the finance ministry comes across as a last ditch attempt to convince the court that borrowers will get a chance with concessions and loan rescheduling, and banks, no matter how big and bad, will fail to serve the interest of hapless depositors in the absence of interest income from loans -- that balance has to be preserved.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QL6CD6