As the Yes Bank crisis weighs on investor sentiments, becoming a major reason of concern for the bank's depositors, Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Sunday said there is no reason to worry as India's banks have adequate capital.
Union Budget 2020: The Economic Survey of India for 2019-2020 is presented a day before Finance Minister Nirmala Sitharaman presents Union Budget 2020 on January 31. Economic Survey 2020, prepared by Government of India's Chief Economic Advisor will be tabled in both houses of the Parliament. Here's all you need to know about the Economic Survey:
The annual Economic Survey, usually presented a day before the presentation of the annual budget, projects the state of health of the country's economy and outlines the challenges.
The Finance Ministry has been saying that India needs fewer and mega banks. The ministry had earlier called for further consolidation of India's banking industry, saying the country needs fewer, stronger mega lenders to exploit economies of scale.
Subramanian’s appointment will be for a period of three years. He holds a PhD degree from Chicago Booth.
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