Cru­elest Month

The Economic Times - - Companies: Pursuit Of Profit -

A bil­lion­aire busi­ness­man who runs one of the fastest-grow­ing banks in In­dia last week called his core team managers and gave them a piece of his mind. He said in the three-decade his­tory of the bank he had never seen such low dis­burse­ment of loans thanks to de­mon­eti­sa­tion and the lack of courage on the part of In­dian busi­ness­men to in­vest fresh money on the ground. Still, things may im­prove on the investment front fol­low­ing a fis­cally pru­dent Bud­get and a pos­si­ble fur­ther loos­en­ing of mon­e­tary pol­icy on Fe­bru­ary 8.

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