Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The country's franchise industry is estimated at $24 billion with a year-on-year growth of 30 per cent.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
VCs have been especially bullish about India.
KV Kamath has had a tough journey so far.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
It is unrealistic to expect that change will happen in one year: Birla
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
The numbers in India may not be as big but the opportunity for serious growth is all there.
