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Friday, September 23, 2016

Sep 23, 2016 - ICICI Bank to funnel overseas capital to boost domestic focus

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From the Editor's Desk
The debate on growth focuses only on interest rates - we need lower rates to improve growth. RBI Governor Raghuram Rajan has faced flak for not bringing down the rates. And his successor, Urjit Patel is cast of the same mold. The industry argues - lower rates will lead to higher growth. I do not quite understand this statement. Probably I am not an economist. I sincerely believe that we need to focus on two aspects before we start worrying about lower rates. Remember zero or even negative rates has not helped Japan. Growth requires two core metrics - labour productivity - the amount of goods and services produced by one hour of labour. The other is incremental capital-output ratio (ICOR) - the amount of capital needed to generate the next unit of production. More here

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ICICI Bank to funnel overseas capital to boost domestic focus

Domestic business at ICICI Bank, especially retail, has been growing by about 17-18% every year, even as the international business stagnated




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