“The Deccan account is still not an NPA.”
Just an example of Psychological denial amongst bankers.
If an unpaid loan is not an NPA, what is it?
Reminds me of similar words once penned by Warren Buffett many years ago. He questioned the logic of companies not treating stock options as expense by asking three questions:
“If options aren’t a form of compensation, what are they? If compensation isn’t an expense, what is it? And, if expenses shouldn’t go into the calculation of earnings, where in the world should they go?”