Banks have been in the forefront of Indian growth story. In the last few quarters though, increased inflation and Government measures to rein it, has affected the Banks. The interest rate has been raised by the Government many times in 2010. Increasing interest rate impacts bank's businesses directly.
In the meantime, as India continues in the growth path, top bankers have pondered over the need of creating big banks that can finance the capital intensive business expansion, high value merger and acquisition, and bigger loan to fund large projects. O P Bhatt, the chairman of SBI has openly advocated the need of big banks to fuel Indian growth in the next few decades. In fact, bankers have been looking forward to many other reforms in the financial sector.
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