At $17,000 apiece, it is good for buying a car, or a seaside home, but not brinjals and tomatoes.
A curse of the state-run banking system is the limited tenure of a chief executive.
Retail lending is more compliant now as rating agencies are covering retail: Romesh Sobti, IndusInd
The Indian government last week amended the Insolvency and Bankruptcy Code through an ordinance.
Narendra Modi’s government has been vocal for the past two years that the country deserved a rating upgrade as it has many economic reforms to its credit.
The year 2017 has been a record for IPOs with Rs 66,000 raised from share sales.
"If economies are doing well then there is a chance that markets gets complacent."
To resolve bad loans, both capital & human resources are scarce: Siby Antony, Chairman, Edelweiss ARC
"The year 2001 was the worst, maybe worse than this. Maybe size was smaller, otherwise there was 14-15% NPA in every sector in every bank. "
Those who take a moral high ground say promoters should be barred.
Kotak also said that India underestimate the power of the oil economy on India and the disproportionate dependence of the Indian economy on oil.
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