In such times, lenders that have been able to exploit every adversity to their advantage have emerged as winners—as the 26th edition of the BT-KPMG Best Banks Survey 202021 finds. ICICI Bank, the country’s second-largest private bank by market capitalisation, is the Bank of the Year for the second successive year. (See box Roll of Honour.)
The banking sector as a whole has had a better year. It posted a net profit of ₹1.21 lakh crore in FY21 against ₹10,999 crore in FY20. Return on assets (ROA) and return on equity (ROE)—two key parameters of profitability—also came out of the red over a three-year period. Among other parameters, the capital adequacy ratio—a measure of a bank’s lending capacity—improved from 15.3 per cent to 16.3 per cent, while gross NPAs declined from 9.1 per cent in FY19 to 7.3 per cent in FY21. “The improved parameters partly reflect regulatory relief provided to banks during Covid-19 as well as fiscal guarantees and financial support given by the government,” Reserve Bank of India (RBI) Governor Shaktikanta Das said recently. But, as Das was quick to point out, there are risks and challenges going forward that require serious introspection and action on the part of the banking system.
BUSINESS RESET
この記事は Business Today の March 06, 2022 版に掲載されています。
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この記事は Business Today の March 06, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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