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Bad loans provisioning must not be based on trite formula: Sunil Kanoria

If these do get disclosed, then if a borrower has defaulted for only a day, no bank will again offer him a loan

Sunil Kanoria
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Sunil Kanoria

Ishita Ayan DuttNamrata Acharya Kolkata
From liquidity crisis in the NBFC sector to slowdown in the economy, in the last one year Srei Infrastructure weathered many crisis situations. Sunil Kanoria, vice-chairman at Srei Infrastructure Finance, spoke to Ishita Ayan Dutt & Namrata Acharya on what he'd like to see in the coming Union Budget and chnaged in the bankruptcy law. Edited excerpts: 

Your expectations from the coming Union Budget?

We need to boost government expenditure. From a medium to long-term perspective, the India growth story is intact. Hence, there would be foreign investment but restricted to pockets and sectors. Government expenditure is the key driver

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