# Professor Robert Engle's comments on the impact of undercapitalization on Indian financial institutions are spotlighted

1 Faculty News November 26, 2019 ![Business Standard logo](/sites/default/files/styles/246w/public/assets/images/con_030844.jpg?itok=cpxrraGq)>

Excerpt from [Business Standard](https://www.business-standard.com/article/economy-policy/risk-of-undercapitalisation-for-state-owned-institutions-nobel-winner-119112601394_1.html) -- "Noble-prize winning economist [Robert Engle](https://www.stern.nyu.edu/faculty/bio/robert-engle) said that a number Indian financial institutions may require significant additional capital in the event of a financial shock. The majority of financial institutions that show such signs of the need for additional capital were state-owned banks, he said in a talk in Mumbai on Tuesday."

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