Business Standard

An open letter to PM Modi

Dear Prime Minister, your government has brought in transparency in the appointment process of CEOs; capitalised the banks; cleaned their books; and consolidated a few of them to create scale

PM Narendra Modi

PM Narendra Modi

Tamal Bandyopadhyay
Dear Prime Minister,

Your recent address to senior bankers at the conference on “Creating Synergies for Seamless Credit Flow and Economic Growth” has encouraged me to write this letter to you.
The nightmare of bad loans is behind us. The banks are well capitalised; they have provided for the bulk of the bad loans; and, there is plenty of liquidity in the system. There is no scarcity of either resources to lend or data to analyse the customer behaviour. Now, they must support the creators of jobs and wealth. Their balance sheets have become strong and it’s time to build the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper
Topics : BS Opinion

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 28 2021 | 9:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to