Letters to the editor

Moody's caution

Your editorial, "What is stressing banks" (FE, December 6) comes at the right time. Perhaps the answer lies in Moody's comment on the asset quality of Indian banks as referred to by you. While the number of NPAs are increasing, adequate provisions are lacking. There is a need for stricter provisioning norms. But that alone is not enough. Government's policy on recovery from big companies and massive waving of farm loans are also to be examined. Moody's caution is to be taken seriously.

Jacob Sahayam

Thiruvananthapuram

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.