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NPAs of PSBs: Reforms are the need of the hour

Prakash Patil / Article rating: 5.0

The general perception about these frauds and defaults is that these could have happened only with the active connivance between the bank officials and promoters of businesses. This perception holds true in cases such as Nirav Modi’s, but the corruption of bank officials and dishonesty of the promoters are not the only reasons why such mega frauds and defaults happen.

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