IBC killing banks, likely to help borrowers like Mallya: AIBEA general secy

'The government is doing a blunder', according to C H Venkatachalam

The All India Bank Employees Association (AIBEA), the oldest and largest national trade union of bank employees in India, has been raising bank-related policy and regulatory issues for decades. In an interaction with Gireesh Babu, C H Venkatachalam, general secretary of the association, speaks about its perspectives on the current banking crisis and what the government should do. Edited excerpts:

What, according to you, are the reasons for the crisis faced by banks in India?

With development finance institutions such as ICICI and IDBI becoming banks, and with economic growth leaving banks with surging deposits but not many retail lending opportunities, commercial