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Canada Goose Outlet Mr Patel has his immediate task cut out: finishing the “unfinished agenda” of his predecessor on completing a “deep surgery” of banks and winning the war on inflation. Canada Goose Outlet
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However, it is the “deep surgery” ordered by Mr Rajan to cleanse the balance sheets of the banks from bad loans that may pose greater challenges for Patel, as canada goose clearance a number of banks, corporates and others have been lobbying hard against what they call “unwarranted urgency” shown by the RBI in this regard at the cost of hurting investment climate.
Unlike Mr Rajan, who took charge at a time when global markets were volatile and concerns were being raised about the rupee, the Gujarati origin and once Kenyan citizen Mr Patel has come in when financial markets are much more stable and concerns have also subsided about any potential buy canada goose jacket cheap dollar flight due to impending redemption of NRI bonds.
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With public sector banks accounting for a large portion of bad loans, the clean up exercise has raised canada goose heckles of many in cheap Canada Goose the government as well, though not many have been public with their views, fearing adverse commentary.
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Canada Goose sale The wish list that Mr Patel faces is long and could be difficult to fulfill on many fronts: lower the rates, go easy on banks and borrowers, be liberal with grant of banking licences, safeguard foreign reserves and further beef them up. Canada Goose sale
canada goose clearance sale Born on October 28, 1963, Mr Patel is a PhD (Economics) from Yale University (1990) and M Phil from Oxford (1986). He has been a non resident Senior Fellow at The Brookings Institution since 2009. canada goose clearance sale
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