Subject: Will Shylock get his money back?

Hi there,

In the 16th century, William Shakespeare wrote a play called The Merchant of Venice.

In this story, a merchant in Venice named Antonio, and his friend Bassanio take a large loan from a Jewish moneylender, Shylock. The loan is taken to woo the beautiful, wealthy heiress, Portia of Belmont but is secured by Antonio's pound of flesh.

Now, Bassanio weds Portia, but Antonio's ships are lost at sea, and he cannot repay the loan.

Antonio prepares for Shylock's knife, but Portia argues that the agreement allows Shylock to remove only the flesh, not the blood. If Shylock shed even one drop of Antonio's blood, his lands and goods would be confiscated under Venetian laws.

You see where this is going.

Bad loans have existed for a long time.

In the end, Shylock is defeated and gets nothing.

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*The RBI governor Raghuram Rajan has recently said that NPAs must be curbed before the problem becomes alarming.

-* Source

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