Poging GOUD - Vrij
Banks must not risk stability for credit growth, says Nagaraju
Mint Mumbai
|March 28, 2026
To be sure, Indian banks were burdened with a mountain of bad debt a decade ago, prompting the government and the Reserve Bank of India (RBI) to take several measures to revive the sector.
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M. Nagaraju, secretary, department of financial services.
(MINT)
These included the Insolvency and Bankruptcy Code (IBC), asset quality reviews, and bank recapitalization, aimed at cleaning up balance sheets and strengthening financial stability.
Nagaraju said that India's next growth chapter will be domestically financed, leveraging the scale, diversity, and resilience of a truly world-class financial system.
Dit verhaal komt uit de March 28, 2026-editie van Mint Mumbai.
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