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India story can boom for 20 years, if. . .: Kamath
June 25, 2008
At the Asia Society event, Kamath assured Americans, saying: "India is a big story and we are all running behind that big story. In the last few years, consumer credit has been the major driver. We seized the opportunity 2001 onwards. As long as India's growth story stays at around 10 per cent, the Indian banking sector will grow at 25-30 per cent, he said.
He conceded that it is not easy for global banks to set up branches in a third country. What is easier, he said, is to go in for acquisitions.
Image: New York's elite trooped in to attend the Asia Society's seminar -- India's Financial Markets -- in New York.
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