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Bad debt has become rampant due to mismanagement and irregular lending. In such a situation, there is a problem in debt recovery. As a result, defaulted loans are increasing by leaps and bounds. A record of defaults is being created. Even after the various warnings of the central bank, the new record of defaults till last June is 2 lakh 11 thousand 391 crores, which is 12.56 percent of the total loans, breaking all the past history. Last March also broke the previous record… more details
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