Despite a quarter of a century of efforts financial markets are where they are. Can banks at least be in a free market?
Mergers have been talked about for nearly two decades.
On stressed loans, things will be smoother when 12 banks take decisions rather than 27 banks.
Rajnish Kumar's comment comes amid a raging debate about whether the downturn is cyclical or structural.
Debt-laden companies may find it difficult to pass on higher tax due to fear of losing market share.
In an exclusive interview, James Von Moltke on rumours about Deutsche Bank being Lehman 2.0.
'If I tell you that all along we were very confident and we didn’t have moods of depression…I would be lying…'
The RBI’s bet on private banks in a country fed on the diet of socialism, has had its share of hits & misses.
The first half is always slow but this year particularly consumption credit, which was driving the credit growth of all banks, has taken a hit, the SBI chairman said.
“There is an obvious slowdown in demand... it is visible in every sector,” Rajnish Kumar said.
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