The wars with China (1962) and Pakistan (1965); a drought in the years that came next followed by the balance of payments crisis were the factors on the economic front.
Governance practices can be revamped only if PSU banks cut their umbilical cord to the government. All proposals in this directions – and umpteen committees have suggested this too – have just remained talk.
Before he became a commentator on the economy and markets, our columnist was a public sector banker.
Vaghul says the size of bad loans in the banking industry is at least twice of what is being disclosed officially.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.