H. Hunt Banks Quotations

To have an effective monetary policy, you have to have a robust borrowing and lending cycle. The problem is that households and businesses are both overextended, while banks have problems with their current loan base. So we don't have a viable borrowing and lending cycle, which means that monetary policy is not working effectively.

Banks have to go through a lot of back office reengineering in order to go digital.

In Asia, it seems like everyone's putting in new core banking systems. The top six Indian banks have core system replacements under way.