Too left economic policies & a broke financial sector: Rahul Bhasin on slowdown

As our economic slowdown continues, a worrying trend is the continuing stress in the banking sector. Overcapacity in certain sectors, systemic risks in others and bad investment calls led to wiping out of capital from most banks – especially the public sector ones. Even after fresh infusion of capital, the banks are unable to fund new capital cycle. In this part of the conversation with Mint's Associate Editor Shrija Agrawal, Rahul Bhasin of Baring Private Equity Partners India opens up on whats affecting the velocity of money in the economy. He also opens up on whats plaguing the financial services space.