Notwithstanding the official figures, the overall stressed assets in the Indian banking system at this point could be as high as `12 trillion, i.e. more than 8% of India’s GDP. The government and Reserve Bank of India (RBI) have been trying to resolve this problem for more than a year now. Q...
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...
The NDA government has done an excellent job in building a national consensus for the roll-out of Goods and Services Tax (GST). There will be six different rates – 0%, 5%, 12%, 18%, 28% and 28%+cess – for different categories of goods and services and as of now, the items which will be kep...
