Recapitalizing public sector banks is essential, but what has been promised will only help to fill the hole in the balance sheets of banks. A policy wish list for the New YearHere is my wish list of things we should do that will yield benefits in the relatively short term. Clear targets could be set for the mix of public sector and PPP investments envisaged in each sector. (vii) Recapitalizing public sector banks (PSBs) is essential, but what has been promised will only help to fill the hole in the balance sheets of banks. There is also no evidence yet of credible structural reforms that will change the way public sector banks (PSBs) function.

Source: Mint December 28, 2017 21:56 UTC