I think the markets need to go through a phase of consolidation now.Statements are all good. It was all in the balance sheet. It is all about stressed balance sheet. I just followed the balance sheet and I saw that the way they were reporting numbers and giving out interest cost which was very low. Even HDFC Bank to some extent, has a very small exposures in lending to some of these stressed companies.

Source: Economic Times November 18, 2019 04:52 UTC