Abstract
In recent times, Indian corporate sector is experiencing financial distress for varied reasons. It is more so in case of the enterprises which are engaged in infrastructure sector particularly power, Telecommunication, Real Estate & Construction, Steel & Cement sectors, Engineering, Textiles and Pharmacy sectors. This stress is primarily contributed by the over exuberance in managerial decision making, policy paralysis, demand erosion, funds diversion and liberal credit allocation by the bankers defying the financial prudence of bank lending.
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