“He’s not only on an acquisition spree and banks are willing to fund him,” but he has close ties to the current administration, Hazari said. “As long as this government lasts — and it is expected to last quite a long time — the music will continue.”
Hemindra Hazari, a Mumbai-based independent banking analyst, said the government should improve management of state-owned banks and strengthen their governance norms instead of privatizing them.
"You have to strengthen your governance norms. You should put in structures, change the management to address the problems," Hazari said. "That is where...
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