Loan restructuring plan shows India's financial sector is short on capital and truth

Whether the loan relief succeeds or fails, one thing is certain: India’s $1.4 trillion credit machine will be in stall mode until next March as restructuring “sucks up bankers’ bandwidth,” and the “scope for new credit creation dwindles,” says Nachiket Naik, head of corporate lending at Arka Fincap Ltd., a Mumbai-based financier.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ipfSZl