October 31, 2018 2:27 PM
FM Arun Jaitley criticises RBI for indiscriminate lending by banks
Finance Minister Arun Jaitley has criticised the Reserve Bank of India for failing to check indiscriminate lending during 2008 to 2014 that led to the current crisis of bad loan or NPA in the banking industry. Speaking at the India Leadership Summit organised by US-India Strategic Partnership Forum in New Delhi yesterday, the Finance Minister said, during 2008 after the global economic crisis till 2014, to keep the economy artificially going, banks were told to open the doors and lend indiscrim...