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Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row

By Bruhadeeswaran R

  • 27 Dec 2018
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Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row
Credit: VCCircle

Bad loans, the rising gulf between the Reserve Bank of India and the government, and the Punjab National Bank-Nirav Modi scam dominated headlines in India’s financial services sector in 2018. The country faces the mammoth challenge of resolving bad loans worth $150 billion, which has affected fresh lending and eroded capital. ......

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