The 20% target espoused by Managing Director, Krishna Kumar in Prateek Choudhary’s new regime augurs well for the Indian financial Services majors as a whole. Also new regulations on Foreign banks seem to have set them off again rather than bring a Welcome board to their workplace, means the Indian Duo and public monopoly of SBI will thrive in the coming credit tick.
Q2 onwards should be particulary good for credit growth and this pronouncement probably means aw welcome crowd necxt month as Q1 FY 2012 continues with the other mandated restructuring /apportioned NPL charges and the Minimum Stability fund provisions over the 56% limit not made by the bank earlier.
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