S&P UNHAPPY WITH PACE OF INDIAN BANKING REFORMS
FOLLOW-THROUGH ACTION ON ANNOUNCEMENTS ‘WEAK’
2018-07-25 12:10
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Global ratings agency Standard & Poors has expressed disappointment over the pace of reforming the Indian banking sector as part of the programme to address the system’s non-performing assets. The agency noted that although a few initiatives have been announced to reform the sector, very few steps have been taken so far and the follow-through action on the announced reforms has been weak.