27 May 2014

Indian Banking Sector News

Go here to read what may be some good (from a market perspective) news about the sclerotic Indian banking sector. I've previously asserted that many Indian banks should be out of business. The proposals put forth by the Reserve Bank of India would increase banks' cost of funds, which, in turn, would increase interest rates for borrowers. In the short run this will not be good for the Indian economy but that only suggests that what I argued here and here with respect to the need to modernize India's labyrinthine insolvency laws should be adopted.

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