If as expected all things fall in place, the Indian banks would overcome the issue of swelling of NPA to some extent, which has crippled bank lending and we may rank up in this parameter too.In the countries like the US and the UK the implementation of the code has been a great success. It could be seen that in most of the countries, the bank credit growth has increased manifold post the implementation of the Code. (The author is Chairman and MD, SMC Investments and Advisors. Views and recommendations given in this section are his own and do not represent those of EconomicTimes.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

Source: Economic Times December 16, 2017 08:14 UTC