'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Non-Performing Assets are a wake-up call for public sector banks.
Gold has pushed lower as a result of Chinese selling.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.