Absence Of Bond Market Behind Banking Crisis: Government\'s Auditor

Absence Of Bond Market Main Reason For Banking Crisis: Government's Auditor

The gross NPAs in the banking system have accumulated to a staggering Rs 10 lakh crore, around 90% of which is accounted for by state-run banks.

Banking & Financial Services | | Updated: October 23, 2018 21:14 IST
Absence Of Bond Market Main Reason For Banking Crisis: Government's Auditor

This asset-liability mismatch is due to the lack of debate on public policy in India," the CAG said.