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'Over-optimistic bankers, slowdown in growth responsible for bad loans'

'Over-optimistic bankers, slowdown in growth responsible for bad loans'
In a note to Parliamentary panel, ex-RBI governor Raghuram Rajan stated a number of bad loans originated in the 2006-08 period, when banks encouraged by strong economic growth, went optimistic on lending, but hit a roadblock when this period was followed by a global financial crisis.

from Times of India https://ift.tt/2x5JSn0
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