The Finance Ministry has instructed all state owned banks to develop an “individual loan recovery strategy” to recover money from the top 20 loan defaulters. The main reason behind the banks’ crisis is the dominance of loan defaulters. A large portion of loans at most banks is stuck with major borrowers.At the same time, “cash recovery teams” will be formed to recover money from defaulters and strict monitoring will be imposed on intentional defaulters.These initiatives are part of a roadmap bei...