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.
Socialist India remained a poor, undeveloped country by refusing to copy Asian tigers South Korea, Singapore, Hong Kong, and Taiwan in the past. I’m glad that at least something is being copied now.
Socialist India remained a poor, undeveloped country by refusing to copy Asian tigers South Korea, Singapore, Hong Kong, and Taiwan in the past. I’m glad that at least something is being copied now.