Over the last two months, HDFC Bank recruited heads for four verticals, including infrastructure finance, to grow its investment banking business. Recently, several banks have been hiring up infrastructure experts, and as innocuous as the news may seem, it reflects a longer term goal to get specialised. As with most other lessons in India's infrastructure sector, the solution is reactive, not innovative. So banks have a job on their hands, and don't they know it.
Tag: asset-liability
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IDF should address asset-liability mismatch
The government should explore various options that can nurture IDF in an industry-friendly way, writes Vivek Rao. While conceptually Infrastructure Debt Funds (IDFs) would be very attractive for all stakeĆĀholders of the infrastructure sector including private sector developers, banks as well as the goverĆĀnment, IDFs would have to address certain challenges.
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Forecast: Credit to continue upward
The Indian banking sector has withstood the global financial turmoil and continued to grow at a healthy pace.