Lenders need 'deep surgery': RBI's Rajan
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
THE head of India's central bank has said the country's lenders may need to perform "deep surgery" to sort out bad loans and clean up their balance sheets.
Reserve Bank of India (RBI) governor Raghuram Rajan, who famously predicted the 2008 world financial crisis, has set Indian banks a deadline of March next year to tidy up their non-performing assets.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
