Indian banks, especially those in the public sector category controlling two-third of the sector's loan assets, have turned risk averse following a spate of large defaults by private sector promoters and entrepreneurs. This has adversely impacted investment and economic growth, Subramanian said Sunday evening while delivering Bandhan Bank's annual anniversary lecture.
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Sunday 23 August 2020
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Indian banking sector needs to invest in data analytics to grow into $5 tn economy: CEA
Indian banking sector needs to invest in data analytics to grow into $5 tn economy: CEA
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