Pranjul Bhandari on HSBC Bank

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Last quote by Pranjul Bhandari on HSBC Bank

A lot of people are asking: will a rate cut actually help growth? And my answer is: yes and no. No, if that's the only step we take, but yes if you have a rate cut along with other steps taken to restore the banking sector to health. The RBI is taking the driver's seat in resolving a lot of the corporate debt and banking debt, the stock of non-performing loans that have accumulated in the country … so things are happening. They're not happening very quickly, but they're happening in the right direction.feedback
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Aug 02 2017
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