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Indian Economy
June 7, 2021
Is Forbearance the Original Sin?
Chapter 7 of Economic Survey dealing with the banking crisis strongly emphasizes that the continuation of the policy of forbearance followed in the wake of Global Financial Crisis (GFC) even after 2011 was the primary reason for the banking sector crisis. The survey argues “the forbearance continued...
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November 27, 2020
Random Reflections — Handing over Control of Banks to Corporates will be handing over the Country. Time for Mr SakthiKantha Das to go
Internal Working Group of RBI has released a draft report on banking titled, “Ownership Guidelines and Corporate Structure for Indian Private Banks”. Comments on the report can be submitted before January 15. While few corporate and NBPCs have welcomed the report, Dr. Raghuram Rajan, former governo...
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