Finance Minister Nirmala Sitharaman cites India's bank restoration since 2014 as a Harvard Business School case study, emphasizing government's role in safeguarding banks during the pandemic.

Finance Minister Nirmala Sitharaman states that the Indian economy's restoration, particularly banks since 2014, serves as a case study for Harvard Business School. Speaking at Gujarat Chambers of Commerce and Industry, Sitharaman emphasized the government's role in safeguarding the infrastructure of Indian banks during the pandemic. She highlighted the twin balance sheet problem in 2014, where banks' balance sheets were burdened with non-performing assets, hindering lending to companies.

April 20, 2024
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