Indian banks are strong enough to support growth

While the share of retail loans has increased, they are anchored in secure home loans

Close to a decade ago, India’s regulators, along with banks, teamed up to launch a surgical strike on asset quality issues plaguing the banking sector post the global financial crisis. The message was clear: The sanctity of the financial fabric was sacrosanct for the regulators, entrusted with a dual mandate of anchoring growth while safeguarding the interests of the common man and ensuring financial stability.  Similarly, the recent bulldozing of unruly payment aggregators echoes this commitment.

It is thus rather sad to see the salvos fired from select quarters now dubbing India’s financial sector as poorly regulated and