Raghuram Rajan's revelations about bad loans and NPA crisis

Raghuram Rajan says an executive once told him he was "pursued" by banks, who waved chequebooks and asked him to "name the amount" he wanted in loans.

This revelation was part of the former Reserve Bank of India governor's written response to a parliamentary panel, one full of stark, biting comments on Indian banks' non-performing assets (NPAs).