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Wilful corporate defaulters need to be rooted out from the public sector banks to reduce their NPA and create a business friendly environment for entrepreneurs Vivek Sinha NPA (non-performing asset) has always been a dreadful word in the banking industry but these days this three-lettered acronym is giving sleepless nights to India’s top bankers. The banks, especially public sector ‘sarkari’ ones, have been at receiving end both from the Reserve Bank of India (RBI) and economists for mismanaging their bad debt and even as debates and discussions focus on the lost wealth another crisis is just looming on the horizon. And this is the  possibility of a slow and painful demise of entrepreneurial spirit. Dreadful as it may sound but the prospect is real and requires urgent steps. Loan disbursal and business-growth are closely related as all enterprises require money. But when debt-repayments do not come back, banks become wary of further lending thereby stifling a source of capital requ...