Loan growth may hit a fifteen-year low in FY'14
Analysts estimate India's loan market growth to hit a fifteen-year low at sub-13 per cent levels in FY'14. In this episode of We Mean Business, we discuss India's loan market and how alarming are the numbers with car sales declining steadily, air traffic falling month by month and macro-economic data turning gloomier by the day. Are rate cuts by the Reserve Bank of India our ultimate solution to this? Experts, Prakash Agrawal, associate director for banks at India Ratings; M Radhakrishnan, co-founder and managing director of Autoline Industries; H S U Kamath, chief managing director of Vijaya Bank; and R K Bansal, executive director of IDBI Bank, explain the current situation of the country's loan market and what measures can be taken to revive it.
