This is evidenced by the rising share prices of the some of the borrowers.
Dr. Meera Nangia asserts that the present NPA crisis in the banking sector, will ultimately affect the ordinary people who have deposited their money with the banks. The large corporate borrowers who are the cause of the NPAs, will actually benefit as the banks are forced to take haircuts to the stressed corporate loans. This is evidenced by the rising share prices of the some of the borrowers, on whose loans public sector banks were forced to take a hair cut.