Corporate governance at the core of rise in India’s NPAs

The Indian public might be baffled by the sudden spike in news articles on the rise in non-performing assets (NPAs) in the banking system, especially in the Public Sector Undertaking (PSU) banks, that is, those owned by the federal government. Notwithstanding the heavy provisioning (about 2.2 trillion rupees in the 2017-18 financial year), gross NPAs […]