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Turnaround of the Indian banking system

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: financial stability

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· Shaktikanta Das Wiki · Reserve Bank of India WikiTurnaround of the Indian banking system

ContextKeynote address by Shaktikanta Das, Governor of the Reserve Bank of India, at the Mint BFSI summit, Mumbai, 11 January 2024.

Why it mattersDas reviews how Indian lenders recovered from a period of heavy bad loans.

Problems raised
  1. Indian banks once had many problems.
  2. Stressed loans were high.
  3. Credit risk transfer was underdeveloped.
Solutions proposed
  1. Turn around the banking system.
  2. Allow securitisation and loan transfers.
  3. Strengthen bank balance sheets.
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