Lazy banking targeted by Rajan helps lower yields

...The days of lazy banking are going to be over soon, Vishal Narnolia, Mumbai-based analyst at SMC Global Securities Ltd., said in an interview on 5 September. The central bank has made it clear that they will be looking at pushing loans and balance sheets have to be cleaned up. Although there could be pain in the short term, profitability at lenders will go up in the long term........

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