Better Banking

Sir — This refers to the editorial, “One too many” (July 7). It is a matter of concern that of the total loans dispersed by March 31, non-performing assets have reached an all-time record of Rs 10.2 lakh crore; of which 85.6 per cent were created by large borrowers. How can defaulters get away with such huge amount of lifeblood of our nation? India cannot afford such huge amount of loot and corruption.

Our banking sector must have a paradigm shift in their policy to replace NPA-generating macro-credits by micro-loans for farming, cottage and small enterprises that are the main contributors to livelihoods in our country. This will also generate more employment and, thus, boost the market.