Money & Banking

India’s banking sector well capitalised: Lagarde

| Updated on: Mar 13, 2016
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"The Reserve Bank of India Governor addressing banks balance sheets is absolutely right," she said

International Monetary Fund (IMF) Managing Director Christine Lagarde on Sunday said that India's banking sector is well capitalised and appreciated efforts to resolve the problem of bad loans.

"The Reserve Bank of India Governor addressing banks balance sheets is absolutely right," she said, adding that the Finance Minister is also addressing it by pushing the Bankruptcy law in Parliament she said at the Advancing Asia conference of the IMF.

Published on January 20, 2018

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