True. In 2014-15 the incoming govt was advised to choke capital to nonperforming PSBs and atrophy them. Credit delivery shifted to NBFCs, which made money by rolling over credit to developers sitting on unsold homes and funding themselves via banks, MFs. IL&FS ended the party. https://t.co/LoQmuBT1Q7
— Andy Mukherjee (@andymukherjee70) July 25, 2020
via Twitter https://twitter.com/andymukherjee70
July 25, 2020 at 05:19PM
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