BS Banking Annual 2016: 'Our message is we are not here for charity'

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai in October

The issue of credit growth continues, while there is some talk of moving from recognising bad assets to resolving problems. What are your thoughts?

Rajiv Lall:  There is extreme concentration on both the assets and liabilities side. Forty-five per cent of the advances of the entire banking system are only to 300 corporates. This concentration could be because large chunks of the economy are left out from the formal lending business. On the liability side, 85 per cent of our current and savings account deposits come from the top 50 centres whereas the GDP data shows that financial savings, as a