Ajay Shah: Strategy to deal with the banking crisis

Healthy firms need more financing while RBI needs reforms

Ajay Shah 

Ajay Shah The dust is now settling on demonetisation and the Budget. It is time for a fresh sense of the points of pain in the economy. The defining issue is stagnant investment. Malfunctioning government, balance sheet difficulties and problems with profitability are holding back firms. The banks have balance sheet stress. The behaviour of enforcement agencies may snarl up the private sector. The quick fixes have failed; there is now no alternative to deeper reforms. Various solutions are being proposed for the banking crisis. Merging PSU banks does not change anything. A big PSU bad bank is ...

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Ajay Shah: Strategy to deal with the banking crisis

Healthy firms need more financing while RBI needs reforms

Healthy firms need more financing while RBI needs reforms The dust is now settling on demonetisation and the Budget. It is time for a fresh sense of the points of pain in the economy. The defining issue is stagnant investment. Malfunctioning government, balance sheet difficulties and problems with profitability are holding back firms. The banks have balance sheet stress. The behaviour of enforcement agencies may snarl up the private sector. The quick fixes have failed; there is now no alternative to deeper reforms. Various solutions are being proposed for the banking crisis. Merging PSU banks does not change anything. A big PSU bad bank is ... image
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