Surprisingly, this roster encompasses both public and private banks, as well as Non-Banking Financial Companies (NBFCs) and Fintech firms, representing the entire spectrum of the financial sector. This should prompt policymakers and analysts to reflect on whether the emerging trends in India’s financial sector are moving in a positive direction or posing serious risks. While individual banks (both public and private), NBFCs, and Fintech companies are grappling with their respective challenges, collectively they signal looming financial threats for the Indian economy and its citizens.
This story is from the May 01 - 31, 2024 edition of BUSINESS ECONOMICS.
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This story is from the May 01 - 31, 2024 edition of BUSINESS ECONOMICS.
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