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4) Reckless lending by public sector banks has been blamed as one of the reasons why certain rich individuals have misused large funds and have become wilful defaulters. Is it an instance of crony capitalism? How should such banks and defaulters be treated by the government? Critically comment.

TopicGovernment policies and interventions for development in various sectors and issues arising out of their design and implementation; Important aspects of governance, transparency and accountability

4) Reckless lending by public sector banks has been blamed as one of the reasons why certain rich individuals have misused large funds and have become wilful defaulters. Is it an instance of crony capitalism? How should such banks and defaulters be treated by the government? Critically comment. (200 Words)

The Hindu