You have two choices. Either you continue to support them and make them more powerful. Or, you throw them out, Sam Pitroda told Kapil Sibal at the online launch of his book, ‘The Idea of Democracy’.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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