India must focus on growth as markets stabilize: Chanda Kochhar

........“The steps taken by the Reserve Bank of India (RBI), including those to roll back some of the previous liquidity tightening and measures to lure inflows from overseas Indians have had a cooling effect,” she said in an interview in Washington D.C. “The economic slowdown is weighing on banks’ asset quality though it isn’t bad enough to create a big kind of havoc,” she said. “Finally what we need to focus on is growth in the country,” she said. “It’s the investment story that has fallen off currently. What we really need is a much more conducive environment.”...........

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