will take some time but the fact remains it is only because demand does not exceed supply and private investment will come only when demand exceeds supply if we have reached 7 gdp there could be some hit in gdp in the first quarter but it will come up we have reached 7 without private investment and we will be a brighter spot once private investment picks up gdp will be close to 8how long will the indian banking system continue suffering with the twin balance sheet problem it is not that the iron and steel sector became stressed in the last two years the previous government did not even recognise the issue there are two types of issues its been stressed for long and we have not had chapter 11 bankruptcy laws some of these assets their actual value and the loans require a major haircut so this cannot be solved only by the banksbanks have asked for another round of restructuring from the rbi is it really going to solve the problem my views on this topic correspond with the new dgs viral acharya views the point is that kicking the can down the road is not a solution and that is what the deputy governor said then you only add to the total debt while the sustainable debt will remain the same because that is the function of cash flow from the project so as long as whatever restructuring is being looked at in a manner that will ensure that what is left of the company is sustainable it is valid if it is about further concessions without ensuring viability then it is a bad idea but otherwise if restructuring leads to viability of the unit its a great idea is restructuring a bad concept no but is misusing restructuring a bad concept yeswhat are your thoughts on bad bank the fundamental fact is that we have to recognise the size of the problem and take appropriate decision so whether you talk of arc or bad bank or s4a the point is that the basic facts have to be understood even with bad bank the same problems remain at the end of whatever you do the fellow should have a chance to live and he should come out of icuwhat about this speculation about you being interested in axis bank at the moment i am not in talks with axis bank as far as the government is concerned there is an established process obviously as the 30 shareholder government will have a say including whether they want a stock swap or a cash transaction so i am not doing anythingwhat about your growth strategy as far as hdfc bank is concerned we are having the best time of our lives for india financial services demand exceeds supply let us start from semiurban and rural india there is hardly anybody on the asset side of the balance sheet its an almost virtual monopoly that i have if you