The global financial crisis seems to have changed the way multinational companies operating in the country engage with Indian banks. Post the crisis, their involvement with large Indian public and private sector banks has grown for a range of services, such as cash management and credit, according to bankers.
Multinational companies operating in India and other emerging markets may be looking beyond global banks and are increasingly keen to partner with strong local lenders, bankers say.
Source: Business Standard
FM seeks balance between growth and fiscal deficit
Finance Minister Pranab Mukherjee said here today that he would like to strike a balance between the imperatives for achieving higher growth and ensuring prudent fiscal management.
"We require growth and for that we require money. If all government resources are not adequate, you have to borrow. Naturally, the fiscal deficit would increase. Therefore, we have to strike a balance between these two competing requirements — of growth and prudent fiscal management. And it will be my effort to strike this balance," Mukherjee said in an exclusive interview with Business Standard.
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