Creditsights' Marshall Says India Tackling Bankruptcy Law

The transcript discusses a $2 billion fraud involving Nirav Modi and Indian banks. It highlights the challenges faced by the Indian banking sector, particularly public sector banks, due to weak bankruptcy laws and politically connected borrowers. The government is working to tighten regulations. Structural and management weaknesses in public sector banks are also discussed, with calls for privatization to address these issues.

In what ways is the Indian banking system said to be improving?

What are some of the structural issues faced by public sector banks in India?