Aditya Puri, former MD of HDFC Bank, argues that the Indian banking system has little systemic risk. While the US has recently experienced management and regulatory failures, India has asset liability matching, portfolio diversification, regulations on investments, deposits dispersion, reputation management, technology mix and good capital. The Puri family speaks highly of India, saying it’s a great place for living, and explains that it’s an excellent time to be involved in manufacturing because the country is experiencing a demographic dividend.
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