This book provides an in-depth analysis of bank credit allocation
to non-financial companies in the Indian corporate sector over a
long period of twenty-eight years. The authors also conduct a
micro-level analysis in the backdrop of recent banking scams in the
country which exposed the fragility and quality of the banks'
governance in reducing misappropriation of bank credit. The book
brings a broader perspective to assess whether weak banks are
rolling over their loans to less-deserving firms and tending to
avoid declaring them as non-performing assets (NPAs). It
contributes to understanding the nature of the maladies beyond the
conventional approach of studying the trends in NPAs and provides a
deeper insight into the structural challenges that determine the
allocation of bank credit in the economy and of capital formation
at large.
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