There has been lot of articles on the USand European banks. Let us try to analyse the domestic banks and corporates. India’s strengths is the companies they are profitable , well run and have healthy

balance-sheets. But there are pockets of indebtedness, too. A tradition of “promoters”—as individuals or families with controlling stakes are known—can lead firms to borrow rather than dilute down their masters’ stakes by issuing shares. A rabble of public-sector walking dead, from Air India to local electricity boards, bleed cash yet still get access to state-owned banks. And a boom in infrastructure projects, from roads to power stations and airports, is being paid for Continue reading

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