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CEA Subramanian calls for action against 'crony lending' in infra sector


CEA Subramanian calls for action against crony lending in infra sector
The job of the financial sector is to do optimal capital allocation in the economy. Since 90s the key problem is of quality of lending in case of large loans. The exact word is crony lending, said Chief Economic Advisor (CEA) K Subramanian
Ashutosh Kumar | March 9, 2021 | Updated 15:28 IST
Chief Economic Advisor (CEA) K Subramanian called upon the financial sector to put an end to the practice of evergreening and zombie lending
Chief Economic Advisor (CEA) K Subramanian on Tuesday called for provision for clawing back compensation and incentives of top management in the financial sector in case evidence of crony lending is found against them. ....

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