

Past Event
Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, 2020, Brookings India is now the Centre for Social and Economic Progress, an independent public policy institution based in India.
Abstract:
The Punjab National Bank corporate scandal of Rs 11,300 crore has once again thrown a light on the poor auditing standards at Indian firms. The mounting stock of bad loans, which amounts to over Rs 7 trillion, suggests that something has gone wrong with the process of financial intermediation in the banking sector and needs to be fixed.
Brookings India organised a roundtable discussion with experts from the banking industry, economists, former Governors of the Reserve Bank of India and members of the media to discuss the next steps towards resolving the Non-performing Asset Problem in the Indian banking sector. This is a priority for the Indian economy and remains a critical issue for the government and regulators.
Some of the points of discussion included:
Homi Kharas, Mahmoud Mohieldin
February 14, 2025
Homi Kharas
November 7, 2024
Anthony F. Pipa, Zoe Swarzenski
October 31, 2024