Prosenjit Datta on Indian economy, Prosenjit Datta on Indian politics, Business Today editor
Business Today
Prosaic View By Prosenjit Datta
Are government and RBI finally seeing eye to eye on the economy?

The cleanup of the financial system was actually initiated by the previous governor, Raghuram Rajan, when he started the Asset Quality Review (AQR) of banks in July 2015, which forced banks to stop ever greening loans and owe up to their bad loans.

 
 
Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.
Needless to say the rapid changes at the top of Air India does not give any chairman enough time to make any substantive changes to the carrier.
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