Ep 193: The Fight of the Central Banker
The Seen and the Unseen - hosted by Amit Varma
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Is the Narrative Not Shifting?
Banks were nationalized, most of them in sixties and seventies. They used to be private banks. After close to 50 years of their existence, we are still at barely 60 % of the credit to gidy p ratio,. much lower than developed countries. Where are their losses? Are they in financial intrusion loans? No, they are in loans to the largest industrial firms. That is where their biggest losses have come from. In fact, increasingly, their quality of deposit service and account and branch services is so weak that even their deposit share is actually shrinking. So deposit s are now voting with their feet, gradually by saying, lissan, i would rather bank with a well
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