...but the role of banks being the sole lenders in town is in its sunset days.
IN WHAT WAY WAS FISCAL 2017 different from the preceding one for banks? The response hinges on whom you seek out. Voices from the top draw of banks will say that despite demonetisation and the state of our credit markets, banks held the flight path in their businesses; made strides in digital banking and payments. In banks lower down the league — be it state-run or otherwise — it will be one big wail about dud-loans, the lack of capital with the usual homilies thrown in about how the tide will rise sometime down the line to lift all boats. What you can’t get away from is at the systemic level, we were very much in the same place — this is not to say the Insolvency and Bankruptcy Code (IBC 2016) or the crack of the whip by Mint Road to clean up banks were of little importance; just that many seasons will pass before these pay off at the ground level.
At Ground Zero…
The consolidated balance sheets of banks continued to shrink; it had begun from the end of calendar year 2014. The Reserve Bank of India’s (RBI) report ‘Trend and Progress of Banking in India (2016-17)’ points out, it fell to 7.2 per cent at end-March 2017, down from 7.7 per cent. Blame it on the decline in asset quality and a sharp rise for its provisioning.
هذه القصة مأخوذة من طبعة February 17, 2018 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 17, 2018 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
