Restoration of Indian Economy since 2014 a case study for Harvard, says Nirmala Sitharaman

Restoration of Indian Economy since 2014 a case study for Harvard, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman today said that the remarkable revival of the Indian economy, particularly the banking sector, since 2014, is a lesson worthy of the Harvard Business School. She was addressing the Gujarat Chambers of Commerce and Industry (GCCI) in Ahmedabad on the theme Vikshit Bharat 2047.“In terms of weighing which India has restored … Read more

Banks may recast loans worth Rs 8.4 lakh crore: India Ratings

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India Ratings expects the provisioning requirement to fall by around 10% on the restructured pool in FY21 from earlier expectations on loans that could have turned bad. Banks may restructure loans worth Rs 8.4 lakh crore, or around 7.7% of the total bank credit at end-March 2020 from the corporate and non-corporate segments under the … Read more