Seven things to watch out for in the new year
While there has not been any radical change in the banking theme, 2015 was a watershed year for other reasons
By any yardstick, 2015 was an eventful year. Banks’ bad loans swelled and, tired of setting aside money to cover the risk of default and scared of piling up more sticky assets, banks were not eager to lend. As a result, credit growth was at a near two-decade low.