‘Don’t kill the golden goose,’ Chief Economic Advisor’s message to Indian banks
India’s Chief Economic Advisor (CEA), V Anantha Nageswaran, cautioned the banking sector against excessive lending in personal or consumer loans, warning that it could have a long-term negative impact. Speaking at the CNBC-TV18 Banking Transformation Summit on Friday, Nageswaran emphasised the importance of prudent lending practices to ensure the sector’s stability. “The low-hanging fruits of […]