Would that get further reduced if subsidised lending under government-sponsored programmes is also netted? Fourth, there is a demand for disclosure of defaulters. What purpose has disclosure of suit-filed cases served?
Similarly, there is a demand for punishing ‘wilful defaulters’ but has severe punishment prescribed in law served a purpose if there is a perception that the probability of being caught is less, being punished is remote and being severely punished promptly even more remote? Have centrally-directed one-time settlements and somewhat unclear basis of dispensations of BIFR helped in improving credit-recovery process?