Saturday, 21 May 2016

A Comment on Global Banks opting out or streamlining their businesses

My Comment on an article  "Why Global Banks are opting out of India or streamlining their businesses?" published in the Dated 20/05/2016 at 5 pm.

"The position is becoming more and more deteriorating in the banking business.

I think banking business has become somewhat like a business with no serious control and responsibility on the part of the administrators. Look at the losses being reported by many of the PSU banks when they are strictly ordered to project the actual position. It shows that all these banks have been floating on imaginary profits till now. 

The global banks will never like to be involved in such a deteriorating atmosphere. Further, many regulations have been imposed on global businesses by our laws.Hence, they would definitely try to restrict their activities from incurring losses or tarnishing their image.

So, who will think of investing in such elusive and restrictive atmosphere of Indian market?" 

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