India’s urban middle-class has been crushed in the past 5 years. We knew it anecdotally. Now, the latest data released by the tax department has confirmed it. But before I proceed, I should clarify ...
We expect ANZ Bank to grow group loans at 4% per year, similar to our expectation for the banking system as ANZ Bank regains momentum in the home loan market. Net interest margins average around 1.7%.