With a 3-pronged approach which covers India’s economic scenario, it’s financial performance and banking as well as NBFC sector, The Brief’s financial section is all about curated expert opinions and analysis on how India performs on the global economic front and how public policy influences it to create market entry opportunities for foreign entrants.
Last week, the Government announced the consolidation of 27 Government banks into 12 in order to strengthen the banking sector, struggling under a mountain of debt as well as to ensure robust balance sheets that can lead to credit growth in the economy. In August 2019, the Finance Minister had also announced that the centre will front-load its Rs.70,000 crore capital infusion into public sector…