RBI expects to release the Report on Trends and Progress in Banking in a couple of months, which, I hope, will add further comfort to the analysts of our banking sector. Indian corporates have demonstrated that some of them are world-class with noticeable overseas acquisitions; and the global as well as domestic expectations from their entrepreneurship are perhaps unprecedented.
S&P / CRISIL have also published a report on "Indian Top 50 Corporates" this week, which is candid in assessing the strengths of India’s corporate sector along with possible challenges. As a central banker, I was struck by a remark in the Introduction to the Report.