A recent KPMG report titled ‘India’s gold loan market: Is the glitter fading?’ says that the organised gold loan market in India is expected to grow to over Rs 3 lakh crore by 2020 at a three-year compound annual growth rate (CAGR) of 13.7%. The report further cites the World Gold C...
It is often the case in India that big entrepreneurs do business with the help of public money borrowed from banks and other financial institutions. They expand their business, borrow again and use it for some other businesses. Their names feature in the list of top billionaires but when it comes to...
The RBI started the financial literacy programme this year on 5th June. Financial literacy, according to RBI, is the first step towards financial prosperity. Financial literacy helps address demand side barriers as this makes customers informed and enables better financial decision making and ultima...
With India’s growth, its banking sector needs to grow at least 2.5 times the GDP growth in order to ensure that our growth momentum continues. Thus, if our economy is to grow at even 7% p.a., our banking sector needs to grow at minimum 17.5% p.a. However, whether the banking industry can liv...
Most studies on the Indian banking industry nowadays begin with the dismal consequences of the rising non-performing assets (NPAs) of the sector. The slowdown in the economy in the last few years has led to a rise in bad loans that have negatively affected the asset quality of the banks.Despite the ...