Reduce SLR in line with global standards: IMF

MUMBAI, JAN. 17: 

Excessive government control of public sector banks poses a risk of capital misallocation that may constrain economic growth, a financial system stability assessment update released by the International Monetary Fund (IMF) said.

“The prominent role of the state in the financial sector contributes to a build-up of fiscal contingent liabilities and creates a risk of capital misallocation that may constrain economic growth,” the IMF said in its report.

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