Page 14 - Intl. Review (Draft 1.3)

S HIV AJI INTERNA TIONAL REVIEW
SHIVAJI INTERNATIONAL REVIEW

CRISIS TILL THE mismanagement.

Nevertheless, in classic In-
COWS COME HOME, dian fashion, right at the elev-
enth hour, a surprising sally of
rebounding balance seems to
THE AGE OF NAYSAYING NPAS’ STOPLESS SAGA crack its way through the tenter-
hooks that the banking appara-
A Literary Review Paper, tus was teetering on. Just as the
Raghu R. Rathore doctor ordered, the most recent
round of the bi-annual Financial
he air of financial high tens of percentage points,
T punditry across the peaking disconcertingly high at analysts and the actualists at RBI
Stability Report furnished by the
Indian
econom- nearabout the 9% mark, ruffling
brought in good tidings. With the
ic sphere is awash quite a few feathers. And with
Twith the sound of a backdrop of crippling recov- glimmering silver lining coming
in the way of a starkly discern-
entrenched dissonance grum- ery-impotence spiced further by ible drop in the dreaded GNPAs,
bling in circles. Tolling the warn- the pandemic induced downturn though perhaps in the disguise
ing bells for an onrushing debt further putting a quasi-kibosh of delineated dispensations. A
typhoon, with the NPA circus at on small-scale repayments, the southward tending trend at 7.5%
its forefront. And by the looks of writing looked set on the wall for of all SCBs’ averaged GNPA ra-
it, the analytical histrionics were crumbling crises in tow. Leaving tios strongly seconds a salvag-
far from misplaced. With Gross the finance machinery deep in ing sortie spouting hope that
NPA ratios (stacked against to- the red, red-faced in their inept- the regulatory buttress of the
tal advances) bobbing over the itude and red-handed in their nation’s framework stands tena-

13 SPRING 2021