Tag: bad loans in India

What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans

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What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans

New Delhi: Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets – post the global financial crisis – on Indian banks’ books, former Reserve Bank chief Raghuram Rajan said Wednesday in an interview with an online newspaper. Mr Rajan, the RBI Governor from 2013 to 2016, said…

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Modi government turned around banking sector by enforcing reforms and improving governance, says FM Nirmala Sitharaman 

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Modi government turned around banking sector by enforcing reforms and improving governance, says FM Nirmala Sitharaman 

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: GIRI KVS Finance Minister Nirmala Sitharaman on May 31 said the Modi Government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than ₹10 lakh crore from bad loans between 2014 and 2023. She said the…

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