End the domination of public sector banks, not simply recapitalise them. That’s true reform

The Print | Sep 26, 2020 at 5:52 AM
  • The clamour for recapitalisation of public sector banks to revive GDP growth has grown in recent weeks.
  • Pulling these two pieces together, the way forward for India consists of pushing forward into resolution of stressed firms through IBC, coupled with large-scale fiscal resource injection into public sector banks.
  • We, in India, tend to debate a big decision of putting Rs 10 lakh crore into bank recapitalisation or not.