In his first speech since resigning as RBI governor last December, Urjit Patel has blamed his predecessors at the central bank for not taking away the “punch-bowl” from the “credit binge party”. He has also accused various governments of using public sector banks (PSBs) to pumpprime the economy and shunning reforms.
In a presentation, Patel has highlighted how the bad loans figure in India is among the highest in major economies and much-needed reform still evades PSBs, which account for most of the mess.
In his first speech since resigning as RBI governor last December, Urjit Patel has blamed his predecessors at the central bank for not taking away the “punch-bowl” from the “credit binge party”. He has also accused various governments of using public sector banks (PSBs) to pumpprime the economy and shunning reforms.
In a presentation, Patel has highlighted how the bad loans figure in India is among the highest in major economies and much-needed reform still evades PSBs, which account for most of the mess.
417.jpeg)
10.jpeg)
40.jpeg)
100.jpeg)
416.jpeg)
5.jpeg)
4.jpeg)
6.jpeg)
5.jpeg)
