New Delhi: Prime Minister Narendra Modi on Friday said the Indian banking sector is “much stronger” than before as a result of the government’s moves to merge and recapitalize banks. “Three-four decades earlier when banks were nationalized, there was a lot of celebration. We found that (having) so many banks has its disadvantages.
The government could raise around $10 billion from the issuance of its first overseas sovereign bond, as it expects a great enthusiasm for its securities in the foreign market. In an interview to FE on Saturday, finance secretary Subhash Chandra Garg sought to dispel misconceptions that tapping the overseas market