Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 2017
* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
* India: Modi risks losing control of jobs narrative, Amitabh Dubey, 8 Sep 2017
* India: Growth risks shift to the downside, Shumita Sharma Deveshwar, 24 Aug 2017
* India: Stake sales to test Modi’s political will, Shumita Sharma Deveshwar, 10 Aug 2017

See all our India research >>

India: Bad debt problem to test RBI’s resolve

Overview

The Reserve Bank of India appears to be actively using new powers that enable it to instruct lenders to invoke proceedings against defaulters. This has given investors hope of some resolution to the US$150 billion stock of bad debt, which has slowed credit and investment growth. But there is still no concrete plan for structural reforms needed mainly for state-owned banks, which control 70% of Indian bank...

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