CEA KV Subramanian was referring to the situation where lending institutions continued to lend to borrowers that did not have the capacity to repay their debt, leading to a deteriorating asset quality that did not show up on the books of accounts of these lenders and eventually resulted in non-performing assets crisis.source https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-should-avoid-zombie-lending-chief-economic-adviser-kv-subramanian/articleshow/78926259.cms
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