NBFCs should avoid 'zombie lending': Chief Economic Adviser KV Subramanian

CEA KV Subramanian was referring to the situation where lending institutions continued to lend to borrowers that did not have the capacity to repay their debt, leading to a deteriorating asset quality that did not show up on the books of accounts of these lenders and eventually resulted in non-performing assets crisis.

from Banking/Finance-Industry-Economic Times https://ift.tt/34HAubD