How to deal with the corporate debt problem
Policymakers must address the corporate governance problems in banks
The head of the biggest Indian bank has done well to use a military metaphor to describe her most urgent task. State Bank of India head Arundhati Bhattacharya told this newspaper that Indian lenders have to go into the war against bad loans with a variety of weapons rather than bare hands. The imagery Bhattacharya has used shows the scale of the task ahead. Weak banks are perhaps the biggest potential risk to economic stability right now.