From Our Desk
It is not always easy to look back on a month gone by and cherry pick a single, isolated piece of news for having changed the meridian. July, however, will easily stand out for being the month of report cards. As a quick scan will show, Q1 results by most PSU’s and private sector banks has been dismal. This can mostly be attributed to the Reserve Bank of India’s insistence on lenders to come clean on their bad loans.