In an interview to CNBC-TV18's Latha Venkatesh, Stuart Milne, Group General Manager & CEO HSBC India, said, "Creating a bad bank is one possible solution for resolution of non-performing assets (NPA's)". He says, India needs a strong banking system to fund growth.
Speaking exclusively to CNBC-TV18's Latha Venkatesh, Stuart Milne of HSBC Bank said foreign investors are in India for the long haul and it remains an attractive investment destination.
One may see continuation of high non performing loans (NPLs) in medium-term, Stuart Milne, Group GM & CEO, HSBC India said.
HSBC , Europe's largest bank, appointed Stuart Milne as its chief executive officer for India, effective April 1, the London-listed bank said.