Banking reform advocate Thomas Franco dissects the government’s claims of a banking ‘turnaround,’ as highlighted in the last Economic Survey.

RBI's move to settle loans of wilful defaulters will a have serious impact on the banking system. It is the middle class people whose deposits will be used for writing off loans with a small recovery.

The relationship that PSU banks establish with NBFCs run by big corporate groups need to be watched very carefully due to potential moral hazard problems.