Can the economy afford lazy banking?
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Chary of lending directly to corporates, banks are picking up bonds. Is this doorway desirable?
Even as economists and market players try to make sense of India’s GDP numbers that continue to show a healthy 7-8 per cent growth in our economy, bank credit, considered a proxy to the state of the underlying economy, has a different story to tell.Over the past three years, the link between credit growth and GDP has been weakening, so much so that it is now difficult to connect the two. Weak bank...
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