Goldman's India push pays off in crowded Wall Street field

(Bloomberg) — It was at a rare global board meeting in New Delhi’s Taj Mahal Hotel that Goldman Sachs Group Inc.’s India country head made the case for change.Sonjoy Chatterjee told directors — including CEO David Solomon — that it was time to stop treating India as a future growth story. Inflation had stabilized, banks had reduced bad loans and corporate balance sheets were the strongest in decades.After some debate, Chatterjee won out. Goldman has now injected about $500 million into its India banking fra ...