Andy Mukherjee, Columnist

Take a Private Road Out of India's Banking Bog

A $32 billion bailout has faltered. Now state-run banks need new owners.

March 11, 2018 at 10:00 PM UTC

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

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India's unreformed banking system needs a massive privatization drive. The sooner this dawns on authorities, the better for taxpayers, investors and borrowers.

Exhibit A is an index of share prices of state-run banks.