Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017
* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
* India: Gujarat poll to test identity vs economics, Amitabh Dubey, 5 Oct 2017
* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 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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