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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 20, 2018
Banks on the Brink
The unprecedented crisis in the Indian banking sector, which has brought banks’ lending operations to a virtual standstill, means that they can do little to help the economy, which is buffeted on multiple fronts. The filing for bankruptcy by Lehman Brothers on September 15, 2008, resulted in a st...
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CFA

Centre for
Financial Accountability