The government wants the RBI to do the heavy lifting through monetary stimulus without increasing the fiscal deficit
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“Groups that are perceived as politically connected can still tap the banks for loans,” says Hemindra Hazari, a Mumbai-based banking analyst. “If you are any other highly stressed group, then it is difficult for you.”
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KMB NRC’s Abysmal Failure: Retired Banker with Negligible Indian Experience Parachuted in as CEO
On October 21, 2023, Kotak Mahindra Bank (KMB) surprised the market by announcing that “the Reserve Bank of India (RBI) approved the...