Is consolidation on the horizon for India’s state banking sector?
Tuesday, March 28, 2017
India’s state-backed lenders have been hit by defaulting borrowers in struggling industries, pushing up bad-loan ratios and raising concerns about the sector’s ability to support investment in the in Asia’s third-largest economy. How long will it take to clean-up bad assets? Is consolidation of the industry on the cards? Listen to the Chairman of the Banks Board Bureau, Vinod Rai, as he discusses the importance of public sector banks to the overall health and stability of the economy, and hear his view on ways to address the bad loans problem, among other issues.