ADVERTISEMENT
Absolutely No Chance Of A 'Lehman Moment' In India: Raghuram Rajan
Collapse of Lehman Brothers triggered a financial crisis in US in 2008 Dr Rajan said there is no chance of a Lehman moment in India He rejected calls for any immediate privatisation of public sector banks
13 May 2016, 06:28 PM IST 
Dr Rajan rejected calls for any immediate privatisation of public sector banks and said the urgent need was to clean up their balance sheets
London: Confident of clearing up the bad-loan mess, RBI Governor Raghuram Rajan on Friday said there is "absolutely no chance of a Lehman moment" in India and a three-cornered firewall was being created to safeguard the economy from external shocks.
He also rejected calls for any immediate privatisation of public sector banks and said the urgent need was to clean up their balance sheets and no private investor would anyway come with...
