Thursday, 23 Mar, 2023




Modern Banking: Some Differing Perspectives and the Issue of NPA

Indian Journal of Industrial Relations

Volume 54 Issue 3

Published: 2019
Author(s) Name: Satya Prasad Padhi | Author(s) Affiliation: Professor, Department of Economics, Panjab University, Chandigarh
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The present paper argues that if banks and central banks are sensitive to growth prospects that create both good assets (for banks) and better macro fundamentals (for the central bank), NPAs as a percentage of advances would be low. The argument rests on an endogenous money thesis that supports higher growth of advances that in turn permits expansions, expansion-led learning by doing and further investment opportunities that are more productive. Rate of interest policy that best attends to this growth prospects and bank advances nexus best manages monetary prospects, including, of course, NPAs issues.

Keywords: N.A.

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