While the entire nation was busy talking about the #JNUrow in the ongoing debate on tolerance, a very important development with major consequences to everyone in the country has seemingly gone unnoticed.
US based bond rating company Moody’s Investor Service cautioned the Indian government that if it did not boost the capital levels of PSUs by revising its capital infusion plan for the public sector banks in the upcoming budget, the banks will see negative ratings.
Rating 11 state owned banks ...
