If global history is any indication, it is high time for India to think out of the box or borrow tested global models. Many experts feel that setting up a bad bank will be a bold and radical idea.
There are a few radical options before the government for dealing with bank NPAs.
Rising exposure under the Mudra scheme can leave banks more vulnerable than before.
District Central Cooperative Banks are supported by the government but the regulator still doesn't trust them.
There is only one quality that sets the sectoral winners apart -an unrelenting focus on people.
PSBs will require much more capital than allocated by the government for the next two years.