紀要論文

インド指定商業銀行の不良債権問題について：岐路に立つ「政府の銀行」

The NPAs Issue in Scheduled Commercial Banks in India : Public Sector Banks at a Crossroads

jpn

00229741

https://doi.org/10.15002/00014918

法政大学経済学部学会

85

4

403

435

2018-03-23

Version of Record

The Non-Performing Assets (NPAs) issue is a most serious problem which not only affects the scheduled commercial banks (SCBs) and the public sector commercial banks (PSBs), but also the Indian economy as a whole. This paper shows several macro-economic indices that depict the dismal performance of the industrial production index in the first half of the year. This corresponds to the overall decline of SCBs' credit to the industrial sector. NPAs have grown dramatically in the last couple of years as a result of the unprecedented investment in infrastructure and the iron and steel sectors following the PPP model of development in which quite large loans have been provided by the PSBs since 2004-05. NPAs have piled up much more in the PSBs than in the private sector commercial banks (PVBs). This paper analyses the core problem of NPAs by examining PSBs as the 'Bank of the Government,' which means our discussion focuses on the governance of PSBs in terms of their relationship with the government. Some characteristics of the PSBs' share-holding patterns, the holding structure of government securities, and the PSBs' boards are examined. This reveals a joint family-like structure between the government and the PSBs that lacks a professional management approach.

Article

AN00071028