'The Insolvency and Bankruptcy Code is neither beneficial to banks nor helpful for the borrower.' 'Genuine people who are caught in economic stagnation will lose everything and thousands will lose jobs.'
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Vijay Mallya has lost control of his companies.
Even Delhi does not have a full-time registrar of chits.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
'Imagine how secure are our seaports and airports that 10,000 objects can leave every decade and our custodians are not even aware?' 'This kind of targeted looting when thieves pick and choose the best of Indian art and steal on an industrial basis will eventually impoverish our great land.'
