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  • Top News Bharti Gupta Ramola

    Bharti Gupta Ramola

    Leader (Financial services), PwC India

    TOPIC: Financial Sector

  • Two of the biggest issues facing the banking sector are capital raising by public-sector banks (PSBs) and stressed assets. Government support will remain crucial for PSBs through measures like consolidation and divestments. Revamping of debt recovery tribunals (DRTs) by increasing their numbers and digitisation, incentivising timely repayments, a strong bankruptcy law, and punitive measures for defaulters, will help in recovery of bad debts. From a tax point of view, the goods & services tax (GST) implementation will remain crucial. Other measures required are movement towards an internationally competitive tax regime to make financial savings and investments attractive.

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    RAJA KS / MALA KS

    It is time the banking ombudsman facility was modified. Only the officers with application of mind should be posted as ombudsmen. It is a critical functional posting and NOT a clerical job. Many ombudsmen have been functioning merely as a tool in the hands of interested parties. Will the govt do something in this regard?


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