Resolving Stress in the Banking System

Raghuram Rajan

Working Papers from eSocialSciences

Abstract: The slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of public sector banks, which is what is underway and needs to be taken to its logical conclusion. [ASSOCHAM – Interactive Meet with Industry & Trade, Bengaluru]

Keywords: banking system; credit; lending; loan contract; private banks; industry; infrastructure; economy; lending distress; investment bank; debt; India (search for similar items in EconPapers)
Date: 2016-06
Note: Institutional Papers
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Citations: View citations in EconPapers (1)

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