The increase in foreign ownership of banks in emerging markets is one facet of the ongoing consolidation of banking systems in both mature and emerging markets. The franchise value of banking license reflects the discounted value of the net profits. That bank would be expected to earn over time. For instance, telephone and electronic banking, have been widely used by foreign banks to gain market penetration in European markets and more recently in emerging markets, especially in Asia.
If you cross the Windsor roundabout on the busy Ashoka Road in India's capital and move towards the Janpath road, right next to Hotel Le Meridian you see a small building almost covered with big huge trees. On the ground floor of this building is situated one of Delhi's finest eating places - Masala Library by Jiggs Kalra, the only Jiggs Kalra branded restaurant in the region. On a hot Sunday afternoon, I set out to discover this place and to understand and experience its food. For those who don't about Jiggs Kalra, well he is an iconic chef, one of the most well-known culinary experts in the country. His son runs the popular food brand Farzi Cafe and Masala Library besides other food outlets. Masala Library by Jiggs Kalra first opened in Mumbai in October 2013. Since then the brand has undergone various transformations and innovations. The basic idea the team here has adopted is to look for basic Indian food and flavors and adapt them with postmodern and...
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