Govt, judiciary too responsible for India's NPA crisis: SBI's Rajnish Kumar

Commenting on the Insolvency and Bankruptcy Code and the Reserve Bank of India's February 12 circular on speedier recovery of bad loans, Rajnish Kumar said these two rules were game-changers.

The government, industry and the judiciary too played a role in the buildup of India’s non-perfoming assets (NPA), Rajnish Kumar, Chairman, State Bank of India, said on Monday.

“I would say everybody is responsible, be it the bankers, be it the industry or borrowers, be it the government, and without inviting contempt of the court, even the judiciary has played a role in this situation ," he said, addressing a banking conference.

He said NPAs for public sector banks were higher due to government-sponsored schemes and targeted lending. 

Commenting on the Insolvency and Bankruptcy Code and the Reserve Bank of