The latest fraud scandal engulfing Punjab National Bank – one of India’s largest state-owned banks – is a stark reminder that recent measures to revive the banking sector need to be supplemented with wider governance reforms. Meanwhile, passenger vehicle sales – much like the cricket team’s top order batting on Wednesday – slumped in June. But this isn’t necessarily indicative of a drastic weakening in consumption.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.