The more things change, the more they remain the same. This adage seems to explain the state of India's banking sector. The Reserve Bank of India’s (RBI) aggressive cut in repo rate is unlikely to impact the fortunes of the sector. Over the last few quarters, Indian banks have seen growth coming off and bad loans rising, due to high rates and policy issues. The market has been building in hopes of a rate cut since last year, as it would trigger growth and ease asset quality issues…………….
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