"according to independent banking analyst Hemindra Hazari, the step [allowing large corporate houses into banking]“could bring the banking sector back into the brazen arena of crony capitalism.”
Ashok Hinduja, chairman, IndusInd International Holding, told the press recently:
"Could you have as a promoter taken steps to avert the crisis at IndusInd Bank?
Money...
Take two old private banks, of similar backgrounds. One embarks on an ambitious, disruptive strategy of nationwide expansion; the other remains stuck to its...