Jaitley pledges to find resources to support debt-laden banks
Fri Sep 22 2017
Rajesh Sharma (2003 articles)

Jaitley pledges to find resources to support debt-laden banks

India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday.

Jaitley said stressed bank assets have become a “concern” for the economy. Bad loans have crimped the ability of Indian lenders to offer new credit.

Growth in Asia’s third-largest economy slowed to a three-year low of 5.7 percent in the quarter that ended in June, and Jaitley said on Wednesday that the government was looking for ways to speed it up.

 

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.