Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

The year 2021 started with a lot of uncertainty for the financial sector, especially commercial banks, which were unsure how the loan moratorium and restructuring in the wake of the Covid-19 pandemic would play out. There also were concerns around the monetary policy framework, with nobody sure how long the ultra-loose policy would be pursued.
 
Let’s take a look at the top 10 developments that shaped the financial year in 2021:
 
1. Policy normalisation
 
The year 2021 saw the central bank slowly winding down its ultra-loose monetary policy, tightening liquidity at the shorter end. The dispensation on