Loan growth is likely to stay sluggish this yr due to weak demand & cautious approach on unsecured lending. Going forward, gap between credit growth & deposit growth is likely to shrink.
Employment of third-party vendors to conduct KYC processes is another issue. They bombard customers with document requests, sometimes without a proper understanding of what is needed.
Narrowing of the wedge between credit and deposit growth, and the possible easing of the monetary policy, could weigh on the net interest margin of banks in 2025.
Economic Affairs Secretary Ajay Seth told ThePrint the govt & the management of the banks are in consultation about this & it will not be possible for some banks to reach 25% in one go.
RBI’s latest financial sector report card highlights drop in NPAs, capital buffers for banks & better asset quality for NBFCs. But new sources of risk, like climate change, have emerged.
Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.
RBI has issued consolidated rules on wilful defaulters, dealing with their definition and treatment, including when the controversial compromise settlement process is involved.
G20 declaration acknowledges cascading economic crises that pose challenges to long-term growth. Suggests framework for development, deployment & governance of digital public infra.
Why do people who complain that our municipalities are incapable of offering proper shelter to dogs not worry about the pathetic shelter offered to refugees and victims of political persecution?
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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