Economy · India
Deepak Parekh suggests PSU bank consolidation and higher FDI cap
HDFC veteran Deepak Parekh has advocated for further consolidation among public sector undertaking (PSU) banks. Speaking at the IMC Chamber of Commerce's 118th AGM, he emphasized the need to strengthen India's financial system. Parekh also called for a higher Foreign Direct Investment (FDI) cap, suggesting these measures are crucial for supporting the nation's economic growth and its goal of becoming a $30 trillion economy by 2047.
How outlets across the spectrum covered it
Left 0 · Centre 3 · Right 0 n = 3
- Centre (3): Business Standard, Mint, The Indian Express