How India’s banking model has changed9 min read . Updated: 08 Apr 2021, 05:41 AM IST
- Banks that lend majorly to industry are in the process of donning retail avatars. What are the implications?
- The trouble is what sounds really good in theory doesn’t always work out in practice. In the last few years, the lending by banks to the corporate sector has been more or less flat.
The British economist and the father of modern macroeconomics, John Maynard Keynes, once wrote that economics “is a technique of thinking... not a body of settled conclusions". Nevertheless, economists over the years, with their envy of physics, have turned the subject into a body of settled conclusions.
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