Government underestimated twin-balancesheet problem faced by banks, corporates

The government and its advisers may have initially underestimated the so-called twin balance sheet (TBS) problem faced by the banks and Corporate India, chief economic adviser Arvind Subramanian said on Wednesday. He said even though the TBS problem found mention in the December 2014 mid-year economic review, even it did not fully gauge the seriousness … Continue reading “Government underestimated twin-balancesheet problem faced by banks, corporates”