Home Business PNB woes spur Goldman to downgrade India’s economic growth forecasts

PNB woes spur Goldman to downgrade India’s economic growth forecasts

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Lucky Jain
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(G.N.S) Dt. 20 Mumbai Investment bank Goldman Sachs downgraded its forecasts for India’s economy on Tuesday in the wake of a more than $2 billion fraud at Punjab National Bank, warning it could spark tighter regulation of the banking sector that would constrain credit growth. In a note to clients,

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