Slowdown not systemic, need to correct asset prices: Deutsche Bank's Joshi

'We hold around €240 billion of liquidity reserves out of a net balance sheet of about a trillion', said Joshi

The current slowdown is cyclical and global investors are looking at long-term prospects for India, which may explain why the stock indices are at a high, says Dixit Joshi, group treasurer of Deutsche Bank AG. In an interview with Anup Roy, Joshi says the bank is putting more equity into its Indian operation despite a global restructuring as its business in the country is doing good. Edited Excerpt:

The US yield curve recently inverted, but has normalised now. Do you fear a recession coming?

It’s less about the prospect for economics in the next year or two; geopolitics is more likely to