Return of the lending brigade, minus the fire

When it comes to retail lending, Indian bankers are beginning to be like the legendary Scottish King Robert Bruce , who was inspired by the success of a spider in spinning a web after numerous attempts. ICICI Bank that revolutionised retail lending here, Citi and HSBC , which cut lending to individuals after the 2008 crisis burnt holes in their balance sheets, are back. The difference now is that 'caution' dominates the air rather than 'fast growth'.

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