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Raghuram Rajan blames over-optimistic bankers for the bad loans

Nabanita Dutta

News Editor

In a note to the Parliamentary panel, former RBI governor Raghuram Rajan blamed the over-optimistic banker, slowed down govt decision-making process to be the contributing factors in the bad loans. He said during 2006-2008 economic growth was strong and the bankers became over-enthusiastic which resulted in the bad loans. Unfortunately, the growth did not stay forever and the global financial crisis affected everything.