March 23, 2017 In tackling non-performing loans, Prime Minister Narendra Modi hopes to centralize political power.
In India, the number of non-performing loans (NPLs) is growing. The central government has a number of tools at its disposal to remedy the scale of the problem, and Prime Minister Narendra Modi will use the situation as an opportunity to exert greater central authority over the financial system. This Deep Dive will discuss the economic difficulties facing Indian banks and interpret these financial challenges in light of Modi’s overarching political strategy to increase centralization of command.
NPL growth affects both corp...
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