Tag: over optimistic bankers

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Over-optimistic bankers, a slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines[Read More…]

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