Reform with result

Apropos Debashis Basu’s column, “Bad loans: The bungling and farce continues” (July 10), despite various measures by the government and the Reserve Bank of India, the natality rate of bad loans far exceeded the mortality rate, leading to the current pile-up of huge stock. 

Experiments and measures undertaken have hardly fetched results. This points to the fact that the executed measures or reforms are neither effective nor relevant.

The cascading effect of elevated bad loans is explicit in every segment of the economy. At a time when the economy is starved of investment, undeterred growth of bad loans is pulling down credit