Have PPPs taken banks for a ride?

Abstract

Special purpose vehicles seem to have diverted bank funds towards other uses. A comprehensive policy response is called for A significant rise in stressed assets, especially in public sector banks, is a matter of concern, with the Reserve bank of India (RBI), the Centre, and commercial banks trying to address the situation. However, higher SAs have been recorded in many sectors; major stressed areas are infrastructure, iron and steel, textiles, aviation and mining. How can this be fixed?. Read more at: https://www.thehindubusinessline.com/opinion/have-ppps-taken-banks-for-a-ride/article8561534.ece