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Banking Reset 2.0: Tectonic changes are underway in Indian banking

Towards the end of the calendar year, an Internal Working Group (IWG) of the RBI made a case for large corporate groups being permitted to spawn banks

BS Banking Annual | Indian banking sector | Indian Banks

Abhijit Lele & Raghu Mohan  |  Mumbai 

Banking Reset 2.0: Tectonic changes are underway in Indian banking
Tectonic changes are in play now, some which were set in motion in 2018-19, like the four sets of mergers of state-run banks

Dinesh Khara is an optimist. Despite the once-in-a-lifetime black-swan Covid-19, he sees “demand coming back with a vengeance.” The State Bank of India (SBI) chairman’s optimism is, however, not shared by the (RBI). The summary of the chapter on ‘Policy Environment’ in its Report on the Trend and Progress of in India 2019-20 (T&P 2019-20) ends with the line: “The challenge is to rewind various relaxations in a timely manner, reining in loan impairment and adequate capital infusion for a healthy sector.”



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First Published: Mon, February 15 2021. 08:32 IST