In the case of infrastructure, this could also be on account of non-performance beyond that of the bank management – that of policy makers, bureaucracy etc. But what is really puzzling is why this affects the Public sector banks the most. The answer lies squarely in the poor project appraisal techniques, lack of accountability, post–disbursal supervision, etc.
* * * Mr President of the European Parliament, Mr Vice-President of the Commission, Honourable Members of the European Parliament, I am very pleased to be here to discuss with you the ECB’s activities and your draft resolution on the ECB’s Annual Report 2017. 20 years ago, on 1 January 1999, the euro was officially introduced and the Eurosystem started its monetary policy operations.