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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (315)	4/29/1998 12:41:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Ref: Banks Good Morning Worswick: I would have to agree with the report.I don't think keep funding inefficient and insolvent public sector banks is the solution,it just postpones the impending disaster. BTW China is also in the same predicament. The only solution to this fiasco is to write off the losses and privatize the viable banks and close the others after selling of their assets and the government meeting any deficiencies to the depositors and call it a day. Well we have our late Mrs.Gandhi to thank for this brilliant strategy of nationalizing all the banks and inviting the current predicament.Having said that there some well run private banks,particularly in Kerala like the Federal Bank (probably the largest private bank in India),Catholic Syrian bank and many others but unfortunately they are few and far between. In case you are curious here is a link to one of the private banks I mentioned. federal-bank.com