Singhal: Major Indian Banks Drive Profits from Fees and Treasury, Not Lending
Raj Rishi Singhal · How 24 July 1991 Changed India | Senior Journalist On Corruption, GST, Demonetisation, Rajiv Gandhi · Oct 11, 2024 · at 31:44
Journalist Raj Rishi Singhal analyzes why high profitability among Indian banks has not translated into broader lending capacity.
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“If you dissect the profits, a large chunk of it actually comes not from lending. Comes from, ah, doing treasury, let's say foreign exchange trading, bond trading, getting fees for recommending or getting you to invest in some insurance product.”
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