Government needs to recap banks, will wait on committee’s report on RBI reserves, says Bernstein

Historic mandate for a second term for Bharatiya Janata Party (BJP) and National Democratic Alliance (NDA). Prime Minister Narendra Modi rode to victory with a bigger mandate than the party received five years ago. Bernstein has a message for the new government and they have written an open letter to the Prime Minister. Venugopal Garre, director of Bernstein discussed this.