Conglomerates being considered for new banking licences in India should be asked to have systemic controls to safeguard against any contagion impact of problems in their other businesses, eminent banker Uday Kotak has said.
Dismissing concerns of high corporate debt exposures posing possible default risks to banks in India, top banker Chanda Kochhar has said loans have been mostly given for projects in investment phase and leveraging won't appear high once companies start generating cash flows.
India's realty sector is set for robust inflows of $4-5 billion from overseas investors in the next couple of years, with Bangalore, Delhi and Mumbai emerging as the favourites, global real estate consultancy giant Jones Lang LaSalle has said.