Competitive dynamics and slow growth of the economy are hurting banks, which had a very good run for a decade, said Ajay Srivastava, CEO of Dimensions Corporate Finance Services, on Wednesday.
Talking about India, in an interview to CNBC-TV18, he said, “In India the problem is demand; our taxation structure has written-off inflation, the consumer discretionary spending. The government needs to do something serious about it because that is hurting now whether it’s rural India, urban India.”
On PVR, Srivastava said that the FII holding is dropping and domestic holding is going up which suggests that the long-term holders are liquidating the stock.
For the entire interview, watch the video
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM