India's Best Banks
Business Today|March 06, 2022
After being hit by a series of events, from a slowdown in the economy to a raging pandemic, the banking industry seems to have pressed the reset button
Anand Adhikari
India's Best Banks
MAY YOU LIVE in interesting times,” goes a Chinese proverb—apparently both a curse and a blessing. It fittingly describes the state of affairs in the banking space. In the past decade, the sector has weathered several storms—a slowing economy, corporate deleveraging, non-performing assets (NPAs), digital disruption, and the Covid-19 pandemic.

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。

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。

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。

BUSINESS TODAYのその他の記事すべて表示
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 分  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 分  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 分  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 分  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 分  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 分  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 分  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 分  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024