Serious Problems In Banking Due To Infra: Gajendra Haldea
  • Elizabeth George
  • Oct 08 2013

October 8: Banks face serious problem now as they did not undertake the required due diligence when lending to infra, says Gajendra Haldea, Advisor to the Deputy Chairman at the Planning Commission. Banks funded and exposed themselves to unsustainable projects where road project costs were jacked up, he says, adding that banks that were too generous earlier are now too reserved.