
FinTech revolution has led to inclusion, better governance: FM
India's digital technology adoption has been adapted by people across sections of society, says FM Sitharaman
India's digital technology adoption has been adapted by people across sections of society, says FM Sitharaman
Since the global financial crisis, Indian banks have performed better than their international counterparts in a number of criteria and have shown greater resilience.
Lower provisioning, higher credit growth, lesser incremental slippages, and reduction in restructured assets led to higher profit for banks
Betting big on digital, Dinesh Khara has taken India’s biggest lender to dizzying new heights.
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
At its first monetary policy review for 2021, the central bank kept key rates unchanged, while announcing several measures to manage liquidity.
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
There is a need to make the insolvency system more robust, and the revival mechanism swifter and more efficient. The Budget 2021 may provide a way forward.
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.