View: Interventions, a four-pronged approach, have made clean and credit-ready banks the new normal

More than animal spirits, what were needed were saintly spirits. Calibrated interventions were taken, and a four-pronged approach within a compressed timeframe enabled jettisoning the excess cargo of non-performing assets (NPAs), while sealing points of water ingress.

from Banking/Finance-Industry-Economic Times https://ift.tt/2I5e5ZG