BANKING & FINA NCE
Slowdown impact High interest rates, subdued industrial production and domestic consumption slowed Indian economy.
Job impact UBS India surrendered its banking licence. RBS will shut 23 of its 31 branches in India. In April 2012, HSBC cut 350 jobs in Pune and 200 more in Hyderabad.
Revival kit Economic revival can reverse trend, making corporates recover and cut down default.