ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

India banking sector reform at stake under new RBI chief

As Modi's party seeks to spur growth, credit policy remains soft target

India's central bank has kept a lid on inflation, but regulation of bank lending has proved a thornier issue.   © Reuters

MUMBAI -- Urjit Patel's resignation as the Reserve Bank of India governor may have been abrupt, but he leaves a well-established process for monetary policymaking. Reforming financial governance and credit standards, on the other hand, remains a work in progress.

After turmoil in the banking sector shook the Indian stock market this year, investors will keep a close eye on how incoming Gov. Shaktikanta Das steers the central bank's financial regulation as New Delhi tries to stimulate the economy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more