KUMBAKONAM (TAMIL NADU): N S Vishwanathan said while speaking at a lecture on 'credit culture and financial system'.
He said NPAs (Non Performing Assets) are affecting the income and profit of banks. Banks cannot escape from the responsibility of controlling NPAs in their balance sheets, he said.
Banks are expected to base their lending decisions on a careful and prudent assessment of the financial position and repaying capacity of the borrower. Credit would be given to only the right people, he said.
News Source - Economic Times
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