Ex-finance minister Arun Jaitley had given go-ahead to clean up bad loans, says Raghuram Rajan

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Former RBI Governor Raghuram Rajan revealed that ex-Finance Minister Arun Jaitley supported his decisive action on tackling bad bank loans.

Rajan attributed the NPA surge to corruption, delayed clearances, and the global financial crisis.

He also pointed to slow government recapitalization hindering lending.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: India

Topics: Non-performing assets Raghuram Rajan Business news Bad loans Arun Jaitley Indian banking crisis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 05:06:00 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24577742

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