<b>Letters:</b> PSBs need govt support

For PSBs, recovery of bad assets should be top priority to ensure their existence

With reference to the report, “PSBs’ stress level down with better recoveries” (February 14) by Abhijit Lele and Sameer Mulgaonkar, the positive results being delivered by big public sector banks in reducing stressed assets could be augmented in the remaining period of the current financial year if these lenders get all-round support from the government. 

Practically all the banks were unable to pay adequate attention to the matter due to the additional burden of demonetisation. The banking industry was exclusively attending to matters related to the exchange and collection of cancelled legal tender. Large borrowers, who wilfully or otherwise defaulted in